Pharoah Company is considering a long$-$term investment project called ZIP. ZIP will require an investment of $$123,338.$ It will have a useful life of $4$ years and no salvage value. Annual cash inflows would increase by $$82,500,$ and annual cash outflows would increase by $$41,250.$ 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 $0$ decimal 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.