Rogue River, Inc. is considering a project that has an initial outlay or cost of $250,000. The respective future cash inflows from its four-year project for years 1 through 4 are: $60,000 , $80,000 , $100,000 , and $120,000 respectively. Rogue River uses the internal rate of return method to evaluate projects. Will Rogue River accept the project if its hurdle rate is 12%?

do not use excel please and explain where you get all the numbers. there have been similar questions posted before and I didn't even understand what they were saying