A firm evaluates all of its projects by applying the IRR rule.

Year	Cash Flow
0	$	164,000
1		52,000
2		87,000
3		71,000

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 12 percent, should the firm accept the project? yes or no?