?IRR, investment? life, and cash inflows???Oak Enterprises accepts projects earning more than the? firm’s 12?% cost…

?IRR, investment? life, and cash inflows???Oak Enterprises
accepts projects earning more than the? firm’s 12?% cost of
capital. Oak is currently considering a 12?-year project that
provides annual cash inflows of ?$30,000 and requires an initial
investment of ?$242,800. ? (?Note: All amounts are after?
taxes.)
a.??Determine the IRR of this project. Is it? acceptable?
b.??Assuming that the cash inflows continue to be ?$30,000 per?
year, how many additional years would the flows have to continue to
make the project acceptable? (that is, to make it have an IRR of
12?%)?
c.??With the given? life, initial? investment, and cost of?
capital, what is the minimum annual cash inflow that the firm
should? accept?