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A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: 0 28,400 112,400 2

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A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: 0 28,400 112,400 2 15,400 3 11,400 If the required return is 15 percent, what is the IRR for this project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g, 32.16.) Should the firm accept the project? O Yes O No Prev 3of 18 Ell enovo

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