A firm evaluates all of its projects by applying the IRR rule. Year 0 WN - Cash Flow -$157,300 74,000 87,000 46,000 a. 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.) b. If the required return is 11 percent, should the firm accept the project? Internal rate of return Project acceptance