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A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 0 $ 163,000 1 53,000 2 86,000 3 70,000 What

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

Year Cash Flow
0 $ 163,000
1 53,000
2 86,000
3 70,000

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 12 percent, should the firm accept the project?

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