Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $142,080. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $88,300, and annual cash outflows would increase by $40,300. The companys required rate of return is 12%. Click here to view PV table. Calculate the internal rate of return on this project.

Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $142,080. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $88,300, and annual cash outflows would increase by $40,300. The company's required rate of return is 12%. Click here to view PV table. Calculate the internal rate of return on this project. (Round answers to 0 decimal places, eg, 15%.) Internal rate of return on this project is between mmi % and %. tmmmmmmmmmmm "m""""""" " " " " Determine whether this project should be accepted? The project should be accepted