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2 A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 157,000 0 -$ 59,000 1 80,000 2 64,000

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2 A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 157,000 0 -$ 59,000 1 80,000 2 64,000 3 What is the project's IRR? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Internal rate of return % If the required return is 15 percent, should the firm accept the project?

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