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A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: 27,500, 11,500, 14,500, 10,500

A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: 27,500, 11,500, 14,500, 10,500 If the required return is 16 percent, what is the IRR for this project? (Round your answer to 2 decimal places. (e.g., 32.16)) Should the firm accept the following project

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