Viera Corporation is considering investing in a new facility. The estimated cost of the facility is $2,047,000. It will be used for 12 years, then sold for $780,000. The facility will generate annual cash inflows of $435,000 and will need new annual cash outflows of $171,000. The company has a required rate of return of 8%. Calculate the internal rate of return on this project, and discuss whether the project should be accepted. (Round answer to O decimal places, e.g. 13%.) Internal rate of return The project should be %