Wildhorse Company is considering a long$-$term investment project called ZIP. ZIP will require an investment of $$120,450.$ It will have a

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 $12\%.$ Click here to view the factor table.

Calculate the internal rate of return on this project. $($Round answers to $0$ decimal places, e$.$g$.15\%.)$

Internal rate of return on this project is between

$\%$ and

$\%.$

Determine whether this project should be accepted?

The project

be accepted.