Carla Vista Company is considering a long-term investment project called ZIP. ZIP will require an investment of $118,665. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $81,000, and annual cash outflows would increase by $40,500. The companys required rate of return is 12%. Calculate the internal rate of return on this project

The internal rate of return on this project is between _____% and _____%

Should the project be accepted?