CraneCorp. management is expecting a project to generate after-tax income of $77,820in each of the next three years. The average book value of the project's equipment over that period will be $260,890. If the firm's investment decision on any project is based on an ARR of 37.5 percent.(Round answer to 1 decimal place, e.g. 5.2%.)

What is the project's accounting rate of return?

Should the firm accept this project?