Interest Rate of Return?

My company forecasts the following cash flows on a project under consideration. It uses the internal rate of return rule to accept or reject projects. Should this project be accepted if the required return is 12%?

C0 --10,0000
C1- 0
C2 - +7,500
C3- +8,500

Answers:
assuming you meant 10,000: the answer is 21%

so you should accept

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