A firm evaluates all of its projects by applying the IRR rule. A project under c

A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:YearCash Flow0–$28,000112,000215,000311,000If the required return is 14 percent, what is the IRR for this project? (Round your answer to 2 decimal places. (e.g., 32.16)) IRR % Should the firm accept the following project?RejectAccept