A company is evaluating a new investment opportunity that involves the purchase of new equipment for $200,000. The equipment is expected to generate operating income of $50,000 per year for the next 5 years, after which it will be sold for a salvage value of $20,000. The company uses a required rate of return of 10% to evaluate investment opportunities. Calculate the Internal Rate of Return (IRR) of the investment and determine whether it should be accepted or rejected.