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Do It! Review 12-4 Wayne Company is considering a long-term investment project called ZIP, ZIP will require an investment of $116,424. It will have a

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Do It! Review 12-4 Wayne Company is considering a long-term investment project called ZIP, ZIP will require an investment of $116,424. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $83,000, and annual cash outflows would increase by $43,400. The company's required rate of return is 12%. Click here to view PV table. Calculate the internal rate of return on this project. (Round answers to 0 decimal places, e.g. 15%.) Internal rate of return on this project is between % and % and %. Determine whether this project should be accepted? The project be accepted. Click if you would like to Show Work for this question: Open Show Work

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