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

Year Cash Flow

0 $ 149,000

1 67,000

2 72,000

3 56,000

What is the project's IRR? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

If the required return is 16 percent, should the firm accept the project? Yes or No