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A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow Year: 0 Cash Flow: $161,000 Year: 1 Cash Flow: $55,000

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

Year: 0 Cash Flow: $161,000

Year: 1 Cash Flow: $55,000

Year: 2 Cash Flow: $84,000

Year: 3 Cash Flow: $68,000

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.)

If the required return is 12% should the firm accept the project?

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