A project has an initial cost of $$48,200$ and projected cash inflows of $$12,000,$ $$28,000,$ and $$39,000$ for Years $1$ to $3,$ respectively? The required rate of return for this investment is $18$ percent. What is the IRR? Should this project be accepted or rejected based on IRR?

Group of answer choices

$14\mathrm{.}26\%$; reject

$16\mathrm{.}82\%$; reject

$18\mathrm{.}48\%$; accept

$24\mathrm{.}16\%$; accept

$28\mathrm{.}22\%$; accept