Granite Holdings is considering a capital budgeting project with a life of 7 years that requires an initial outlay of $277,400. There are four possible cash flow values: Probability 4% 16% 55% 25% Incremental Free Cash Flow -$15,000 18,000 65,000 99,000 1) The risk-adjusted required rate of return for this project is 12%. Calculate the risk-adjusted net present value of the project and the project's IRR. 2) Should the project be accepted