IRR:
a) Compute the Internal Rate of Return (IRR) of the prospective project:
Estimated cash flows are $9,500 at the end of every year for 5 years.
Cost today is $43,000. SHOW ALL WORK on the TI BAII Plus Calculator FOR FULL CREDIT.
b) Should the company accept the project if the company's cost of capital is 6%, and why or why not?