A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:

Year	Cash Flow
0	$	27,700
1		11,700
2		14,700
3		10,700

If the required return is 18 percent, what is the IRR for this project? (Round your answer to 2 decimal places. (e.g., 32.16))

IRR

%

Should the firm accept the following project? Yes or NO