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

Year Cash Flow

0 $ 158,000

1 $58,000

2 $81,000

3 $65,000

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.

If the required return is 15 percent, should the firm accept the project?