PV TABLE:

Do It Review 26-4 Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $116,424. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $83,000, and annual cash outflows would increase by $43,400. The company's required rate of return is 12%. Click here to view PV 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 | 96 and | Determine whether this project should be accepted? The project be accepted