Crane Corporation is considering investing in a new facility. The estimated cost of the facility is $$1,913,629.$ It will be used for $12$ years,

then sold for $$712,500.$ The facility will generate annual cash inflows of $$391,200$ and will need new annual cash outflows of

$$159,400.$ 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.