Bridgeport Company is considering a long$-$term investment project called ZIP. ZIP will require an investment of $$128,000.$ It

will have a useful life of four years and no salvage value. Annual cash inflows would increase by $$80,900,$ and annual cash

outflows would increase by $$39,300.$ In addition, the company's required rate of return is $12\%.$

$($b$)$

Calculate the internal rate of return on this project.

Internal rate of return: $\_\_\_\_\%$

Identify whether the project should be accepted or rejected.

the project should be $\_\_\_\_\_$