Problem $5-5$ Calculating IRR

A firm has a project with the following cash flows:

The appropriate discount rate is $18$ percent. What is the IRR for this project? $($Do not

round intermediate calculations and enter your answer as a percent rounded to $2$

decimal places, e$.$g$.,32\mathrm{.}16.)$

IRR

Should the firm accept the project?

Reject

Accept