Question $92(0\mathrm{.}357143$ points$)$

$$ Soved

$90$

A proposed project has an initial cost of $$74,200$ and cash inflows of $$23,900,$ $$34,700,$ and $$40,200$ for Years $1$ through $3,$ respectively. The required rate of return is $15\mathrm{.}2$ percent. Based on IRR, should this project be accepted? Why or why not?

No: IRR exceeds the required return.

$96$

No; IRR is less than the required return.

Yes; IRR exceeds the required return.

$99$

Yes; IRR equals the required return.

No; IRR equals the required return.