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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 --------------------------------------------------------------------------------

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 -------------------------------------------------------------------------------- Requirement 1: Calculate the IRR. (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Internal rate of return % Requirement 2: If the required return is 15 percent, should the firm accept the project? (Click to select)YesNo

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