A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year 0 1 2 3 Cash Flow IRR -$ 28,900 12,900 15,900 11,900 If the required return is 14 percent, what is the IRR for this project? (Do not round intermediate calculations and enter your answer as percent rounded to 2 decimal places, e.g., 32.16.) % Should the firm accept the project? O Yes O No

A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: 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.) Should the firm accept the project? Yes No