A firm evaluates all of its projects by applying the irr rule. year cash flow 0 −$157,300 1 74,000 2 87,000 3 46,000 a. what is the project's irr? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. if the required return is 11 percent, should the firm accept the project?

Based on the cashflows for the firm then its IRR can be found to be 16.26%. With the given required return, the firm should accept project.

What is the IRR?

The IRR can be found using a Spreadsheet with the IRR function:

= 16.26%

Should the project be accepted?

The IRR rule is that if the IRR is greater than the project's required return, the firm can accept the project.

The IRR of 16.26% is greater than the required return of 11% so the firm should accept this project.

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