Wildhorse Company is considering a long$-$term investment project called ZIP. ZIP will require an Inve useful life of $4$ years and no salvage value. Annual cash inflows would increase by $$82,500,$ and annual cash outflows would increase by $$41,250.$ The company's required rate of return is $12\%.$

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Calculate the internal rate of return on this project. $($Round answers to whole number $($e$.$g$.,15\%).)$

Internal rate of return on this project is between $\%$ and $\%.$

Determine whether this project should be accepted?

The project be accepted.