A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 0 $ 158,000 1 $58,000 2 $81,000 3 $65,000 What is the project's IRR? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. If the required return is 15 percent, should the firm accept the project?.

1. A firm evaluates all of its projects by applying the IRR rule.
Year Cash Flow
0 $ 158,000
1 $58,000
2 $81,000
3 $65,000
What is the project's IRR? Note: Do not round intermediate calculations and enter your answer
as a percent rounded to 2 decimal places, e.g., 32.16.
If the required return is 15 percent, should the firm accept the project?