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Wayne Compary is considering a long-term investment project called ZIP. ZIP will require an investment of $120,000. It will have an useful life of 4

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Wayne Compary is considering a long-term investment project called ZIP. ZIP will require an investment of $120,000. It will have an useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,000, and annual cash outflows would increase by $40,000. The company's required rate of return is 12% Click here to view the factor table. Calculate the internal rate of return on this project. (Round answers to 0 decimal ploces, eg 15\%.) Internal rate of retum on this project is between Determine whether this project should be accepted? The project be accepted

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