Problem 7-7 Calculating IRR Fast Machines, Inc., has a project with the following cash flows. The company evaluates all projects by applying the IRR rule. Year Cash Flow -$29,000 13,000 16,000 12,000 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 15 percent, should the company accept the project? O No Yes