Sandhill Corporation is considering investing in a new facility. The estimated cost of the facility is $$1,895,800.$ It will be used for $12$ years, then sold for $$713,000.$ The facility will generate annual cash inflows of $$389,200$ and will need new annual cash outflows of $$159,900.$ The company has a required rate of return of $7\%.$ Click here to view the factor table.

Calculate the internal rate of return on this project. $($Round answer to $0$ decimal place, e$.$g$.13\%.)$

Internal rate of return is $$

Whether the project should be accepted.

The project $$ be accepted.