A firm evaluates all of its projects by applying the IRR rule. The current proposed project has cash flows of -$27,048, $11,850, $16,700, and $4,300 for years 0 to 3, respectively. The required return is 12 percent. What is the project IRR? Should the project be accepted or rejected? 11.77%, reject 11.77%, accept 7.86%, reject 9.84%, accept 9.84%, reject 7.86%, accept