Do It! Review 12-4 Your answer is partially correct. Try again. Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $118,590. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $87,000, and annual cash outflows would increase by $46,800. 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 o decimal places, e.g. 15%.) 13 14 Internal rate of return on this project is between % and %. Determine whether this project should be accepted? The project should be accepted. Click if you would like to Show Work for this question: Open Show Work