Vital Silence, Inc., has a project with the following cash flows:

Year Cash Flow

$0$$ $27,000$

$111,000$

$214,000$

$310,000$

The required return is $16$ percent. What is the IRR for this project? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

IRR

$\%$

Should the firm accept the project?

multiple choice

Accept

Reject