please explaine

Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 7 percent, and that the maximum allowable payback and discounted payback statistics for the project are 20 and 3.0 years, respectively Time: Cash flow:$8,980 $1,e70 $2,270 $1,4701,4761,27 1,070 Use the IRR decision rule to evaluate this project. (Negetive amount should be indicated by a minus sign. Round your answer to 2 decimal places.) 1% Should it be accepted or rejected? o accepted O rejected