Fast Machines, Inc., has a project with the following cash flows. The company evaluates all projects by applying the IRR rule.

Year	Cash Flow
0	$	27,000
1		11,000
2		14,000
3		10,000

What is the IRR for this project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) IRR % If the appropriate interest rate is 16 percent, should the company accept the project?

multiple choice

• No

• Yes