According to the IRR decision rule, you accept a project if: a) the IRR is greater than or equal to 1.0.
b) the IRR is greater than or equal to the required return (i. e., cost of capital).
c) None of these are correct.
d) the IRR is less than the required return (i. e., cost of capital).
e) the IRR is greater than or equal to 0%.

Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heather’s maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heather’s average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.