palmer soaps is considering a project to expand their line of hand soaps for mechanics and hard laborers. the project has an initial investment of $187,000. annual cash flows are expected to be $52,000 for five years. based on the internal rate of return (irr) of the project, should the company accept the project if their required rate of return is 11%? no, because the irr is less than 11%. yes, because the irr is less than 11%. yes, because the irr is greater than 11%. no, because the irr is greater than 11%.