You are trying to determine whether to expand your business by building a new manufacturing plane. The plant has an installation cost of $15 million, which will be depreciated straight-line to zero over its four-year life. If the plant has projected net income of $1,938,200, $2,201,600, $1,876,000 and $1,329,500 over these four years, what is the project's average accounting return (AAR)? Round your answer to 2 decimal places. A frim evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Cash Flow S-34,000 16,000 18,000 15,000 Year 2 If the required return is 16 percent, what is the IRR for this project? Should the firm accept the project? Explain. Round your answer to 2 decimal places