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A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 0 $ 161,000 1 55,000 2 84,000 3 68,000 What

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

Year Cash Flow
0 $ 161,000
1 55,000
2 84,000
3 68,000

What is the project's IRR? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Internal rate of return % If the required return is 12 percent, should the firm accept the project?

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