Blossom Corporation is considering investing in a new facility. The estimated cost of the facility is $$1,791,500.$ It will be used for $12$ years, then sold for $$715,000.$ The facility will generate annual cash inflows of $$350,000$ and will need new annual cash outflows of $$150,000.$ The company has a required rate of return of $7\%.$ Click here to view PV table.

Calculate the internal rate of return on this project. $($Round answer to $0$ decimal place, e$.$g$.13\%.)$

Internal rate of return is $\%$

Whether the project should be accepted.

The project $$ be accepted.