A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year Cash Flow 0 –$ 28,700 1 12,700 2 15,700 3 11,700 If the required return is 15 percent, what is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Should the firm accept the project? Yes No

    Project
    IRR is the rebuke at which NPV =0 0
    IRR 19.00%
    Year0123
    Capital issue stream -28700.000 12700.000 15700.000 11700.000
    Discounting content 1.000 1.190 1.416 1.685
    Discounted capital issues project -28700.000 10671.867 11085.953 6942.181
    NPV = Sum of discounted capital issues
    NPV Project = -1.33123E-07
    Where
    Discounting content =(1 + discount rebuke)^(Corresponding bound in years)
    Discounted Capitalflow=Capital issue stream/discounting content
    IRR= 19.00%

    Yes, required rebuke of come-back is close than IRR