A firm evaluates all of its projects by applying the IRR rule Cash Flow $ 153,000 78,000 67,000 49,000 Year 2 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 11 percent, should the firm accept the project? (Click to select)