Marlowe Corporation is considering investing in a new facility. The estimated cost of the facility is \($1,931,000\). It will be used for 12 years, then sold for \($600,000\). The facility will generate annual cash inflows of \($400,000\) and will need new annual cash outflows of \($160,000\). The company has a hurdle rate of 7%. Calculate the internal rate of return on this project, and discuss whether the project should be accepted