Rogue River, Inc. is considering a project that has an initial outlay or cost of $240,000. The respective future cash inflows from its four-year project for years 1 through 4 are: $40,000 , $60,000 , $80,000 , and $100,000 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%? PLEASE SHOW EACH STEP OF WORK

		4.87% , reject the project
		5.61% , accept the project
		5.61% , reject the project
		4.24% , reject the project
		4.87% , accept the project