Calculating IRR. A firm evaluates all of its projects by applying the IRR rule. If the required return is 11 percent, should the firm accept the following project?
0−$153,0001 1. 78,0002 2. 67,0003 3. 49,000
Period0123IRR = Cash FlowsCF(153,000)78,00067,00049,00014.02%