Sierra Company is considering a long-term investment project called ZIP. ZIP will require an investment of $202,200. It will have a useful life of four years and no salvage value. Annual cash inflows would increase by $134,800, and annual cash outflows would increase by $69,085. The companys required rate of return is 12%. Calculate the internal rate of return on this project. (Round answer to 1 decimal place, e.g. 12.4%.) Internal rate of return 3.25 % Identify whether the project should be accepted or rejected. The project should be