Calculating IRRTeddy Bear Planet

Calculating IRRTeddy Bear Planet, Inc. has a project with the following cash flows:Cash Flows-$11,000$5,500$4,000$3,000The company evaluates all projects by applying the IRR rule. If the appropriate interest rate is 8, should the company accept the project?Calculation of IRRYear Total P.V Cash inflowsP.V @6%Total P.V P.V @7%Total P.V0-11,0001-110001-1100015,5000.9435186.50.935 4849.377524,0000.8935600.8733107.8833,0000.84…

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