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Pharoah Company is considering a long$-$term investment project called ZIP. ZIP will require an investment of $$129,800.$ It will have a useful life of $4$ years and no salvage value. Annual cash inflows would increase by $$88,000,$ and annual cash outflows would increase by $$44,000.$ The company's required rate of return is $12\%.$

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Calculate the internal rate of return on this project. $($Round answers to whole number $($e$.$g$.,15\%).)$

Internal rate of return on this project is between $\%$ and $\%.$

Determine whether this project should be accepted?

The project $$ be accepted.