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Indigo Corporation is considering investing in a new facility. The estimated cost of the facility is $2,340,000. It will be used for 12 years, then

Indigo Corporation is considering investing in a new facility. The estimated cost of the facility is $2,340,000. It will be used for 12 years, then sold for $811,000. The facility will generate annual cash inflows of $433,000 and will need new annual cash outflows of $202,000. The company has a required rate of return of 5%. Calculate the internal rate of return on this project, and discuss whether the project should be accepted. (Round answer to O decimal places, e.g. 13%.) Internal rate of return The project should be

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