Marielle Machinery Works forecasts the following cash flows for a project under consideration. It uses the internal rate of return rule to accept or reject projects.

C0	C1	C2	C3
$ 10,900	0	+$ 8,400	+$ 9,400

What is the projects IRR?

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

Should this project be accepted if the required return is 13%?

1. multiple choice

Yes

No