Pluto Planet, Inc., has a project with the following cash flows. The company evaluates all projects by applying the IRR rule.

Year

Cash Flow

0-$27,800

111,800

214,800

310,800

What is the IRR for this project?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

IRR_____%

If the appropriate interest rate is 18 percent, should the company accept the project?

Yes or No