A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 0 $ 155,000 1 61,000 2 78,000 3 62,000 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., 32.16).) Internal rate of return % Requirement 2: If the required return is 13 percent, should the firm accept the project?