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. C$0$ C$1$ C$2$ C$3$$ $10,2000+$$ $7,700+$$ $8,700$ What is the project$$s IRR? Should this project be accepted if the required return is $14\%?$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.

a$.$ What is the project's IRR?

Note: Do not round intermediate calculations. Enter your answer as a

percent rounded to $2$ decimal places.

IRR

$\%$

b$.$ Should this project be accepted if the required return is $12\%?$

Yes

No