Check my work 1 A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year Cash Flow 10 points 0 $28,200 1 2 3 12,200 15,200 11,200 GBook Print If the required return is 13 percent, what is the IRR for this project? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) References IRR Should the firm accept the project? Yes No