An Investment Has the Following Cash Flows A)yes; Because the IRR Exceeds the Required Return by About

Multiple Choice

An investment has the following cash flows.Should the project be accepted if it has been assigned a required return of 9.5%? Why or why not? $$\begin{array} { c c } \underline{\text { Year }} & \underline{\text { Cash Flow }} \\0&-\$24,000\\1 & \$ 8,000 \\2 & \$ 12,000 \\3 & \$ 9,000\end{array}$$

A) yes; because the IRR exceeds the required return by about 0.39%.
B) yes; because the IRR is less than the required return by about 3.9%.
C) yes; because the IRR is positive.
D) no; because the IRR exceeds the required return by about 3.9%.
E) no; because the IRR is 9.89%.