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

$\backslash$table$[[$Year$,$Cash Flow,$],[0,-$$$,146,000],[1,,70,000],[2,,69,000],[3,,53,000]]$

Requirement $1$:

What is the project's IRR? $($Do not round intermediate calculations. Enter your answer as a percentage rounded to $2$ decimal places $($e$.$g$.,32\mathrm{.}16).)$

Internal rate of return

Requirement $2$:

If the required return is $16$ percent, should the firm accept the project?

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