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Pharoah Company is considering a long-term investment project called ZIP ZIP will require an investment of $129,800. It will have a useful life of 4

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Pharoah Company is considering a long-term investment project called ZIP ZIP will require an investment of $129,800. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $88,000, and annual cash outflows would increase by $44,000. The company's required rate of return is 12%. Click here to view PV table. Calculate the internal rate of return on this project. (Round answers to o decimal places, eg, 15%.) Internal rate of return on this project is between % and % Determine whether this project should be accepted? The project be accepted

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