Pls help me solve this without Excel. I got this incorrect.

A new IT server for a company will cost $448,864.00 today. The company expects the server will create an incremental cash flow to the firm of $131,277.00 per year. The company wants an 8.00% return for all capital budgeting projects. The company will run the server for the next 5 years.

Based on the IRR and cost of capital, should they accept the project? (YES or NO)

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