A firm evaluates all of its projects by applying the IRR rule. Year 0 123 Cash Flow -$ 164,000 52,000 87,000 71,000 a. What is the project's IRR? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. If the required return is 12 percent, should the firm accept the project? a. Internal rate of return b. Project acceptance %