Question 7 1 pts A project has an initial cash inflow of $36,400 and a cash outflow of $42,900 in Year 1. The discount rate is 20 percent. Should this project be accepted or rejected based on IRR? Why? Accepted: because the IRR of 17.86 percent is less than the discount rate Accepted: because the IRR of 15.15 percent is less than the discount rate Accepted: because the IRR of 11.23 percent is less than the discount rate Rejected: because the IRR of 17.86 percent is less than the discount rate Rejected because the IRR of 15.15 percent is less than the discount rate