A firm evaluates all of its projects by applying the IRR rule. The current proposed project has cash flows of $27,048,$11,850,$16,700, and $4,300 for years 0 to 3 , respectively. The required return is 10 percent. What is the project IRR? Should the project be accepted or rejected? \begin{tabular}{|l|} \hline 7.86%, reject \\ \hline 11.77%, reject \\ \hline 9.84%, accept \\ 9.84%, reject \\ 7.86%, accept \\ 11.77%, accept \end{tabular}