Problem 8-18 IRR (LO2) Marielle Machinery Works forecasts the following cash flows on a project under consideration. It uses the internal rate of return rule to accept or reject projects. -$12,000 C1 0 C2 +$9,500 C3 +$10,500 a. What is the project's IRR? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) IRR % b. Should this project be accepted if the required return is 14%? O Yes O No