Ivanhoe Company is considering a long-term investment project called ZIP. ZIP will require an investment of $128,325. 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 $43,500. The company's required rate of return is 12%. Click here to view the factor table. Calculate the internal rate of return on this project. (Round answers to O decimal places, e.g. 15%.) Internal rate of return on this project is between Determine whether this project should be accepted? The project should be accepted. 13 % and 14 %.

Ivanhoe Company is considering a long-term investment project called ZIP. ZIP will require an investment of $128,325. 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 $43,500. The company's required rate of return is 12%. Click here to view the factor table. Calculate the internal rate of return on this project. (Round answers to Odecimal places, e.g. 15\%.) Internal rate of return on this project is between % and \%. Determine whether this project should be accepted? The project be accepted