A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 0 $ 151,000 1- 65,000 2- 74,000 3- 58,000

Requirement 1: What is the project's IRR? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Internal rate of return %________

Requirement 2: If the required return is 13 percent, should the firm accept the project? (Click to select) No____ Yes_____