Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 7 percent, and that the maximum allowable payback and discounted payback statistics for the project are 2.0 and 3.0 years, respectively. 4 5 Time: Cash flow: 0 -$8,900 1 $1,070 $2,270 $1,470 $1,470 $1,270 $1,070 Use the IRR decision rule to evaluate this project. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) IRR % Should it be accepted or rejected? rejected accepted