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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

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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 28,900 12,900 15,900 11,900 2 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 14 percent, should the company accept the project? No Yes

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