1 A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year Cash Flow 6 points 0 $28,300 Skipped 1 2 3 12,300 15,300 11,300 eBook If the required return is 14 percent, what is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Print IRR % References Should the firm accept the project? No Yes