A Project Has Cash Flows of -$148,400, $42,500, $87,300, and $43,200

Multiple Choice

A project has cash flows of -$148,400, $42,500, $87,300, and $43,200 for Years 0 to 3, respectively. The required rate of return is 11 percent. Based on the internal rate of return of ________ percent for this project, you should ________ the project.

A) 7.91; accept
B) 8.03; reject
C) 6.67; reject
D) 7.91; reject
E) 8.03; accept