Pluto Planet, Inc., has a project with the following cash flows. The company evaluates all projects by applying the IRR rule. The IRR for the following project is ___ percent. If the appropriate interest rate is 26 percent, the firm (accept/reject) should the project. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

YEAR CASH FLOWS ($)

0 ?$32,814

1 20,000

2 16,000

3 9,000