You are considering an investment for which you require a rate of return of 8.5 percent.The investment costs $ 53,500 and will produce cash inflows of $20,000 for three years.Should you accept this project based on its internal rate of return? Why or why not?
A)Yes; because the IRR is 5.96 percent
B)Yes; because the IRR is 9.56 percent
C)Yes; because the IRR is 8.50 percent
D)No; because the IRR is 9.56percent
E)No'; because the IRR is 5.96 percent

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The Answer of You are considering an investment for which you require a rate of return of 8.5 percent.The investment costs $ 53,500 and will produce cash inflows of $20,000 for three years.Should you accept this project based on its internal rate of return? Why or why not?
A)Yes; because the IRR is 5.96 percent
B)Yes; because the IRR is 9.56 percent
C)Yes; because the IRR is 8.50 percent
D)No; because the IRR is 9.56percent
E)No'; because the IRR is 5.96 percent

You Are Considering an Investment for Which You Require a Rate