Your company has a project available with the following cash flows:

Year Cash Flow
0 −$81,700
1 21,200
2 24,400
3 30,200
4 25,700
5 19,200

If the required return is 13 percent, should the project be accepted based on the IRR?

No, because the IRR is 15.85 percent.

Yes, because the IRR is 14.63 percent.

Yes, because the IRR is 15.24 percent.

Yes, because the IRR is 15.85 percent.

No, because the IRR is 14.63 percent.