PANDORA Inc.’s new budget system will cost $700,000. The system is expected to generate positive cash flows over the next three years in the amounts of $450,000 in year one, $425,000 in year two, and $40,000 in year three. What is the internal rate of return of this project? If the required rate of return is 14%, what is the project’s NPV? Do you accept the project? Why?