Please help this is very important. Please do NOT use excel. Please do NOT show in excel. Please show the problem step by steps. Please do NOT skip any small steps. Please SHOW ALL WORK AND INCLUDE FORMULAS. Please keep the problem neat and organized. PLEASE DO NOT. NOT SHOW by HANDWRITING. DO NOT TYPE BY HAND!!!!! ONLY SHOW by TYPING the solution. PLEASE MAKE SURE YOU USE FORMULAS CORRESPONDING TO THE PROBLEM. Please calculate carefully. THANK YOU SO MUCH. please state why the project is accepted or rejected

A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:

Year	Cash Flow
0	$	28,400
1		12,400
2		15,400
3		11,400

If the required return is 15 percent, what is the IRR for this project?

(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

IRR

%

Should the firm accept the project?

Yes

No