2. orp. has been a very profitable company for many years. Currently, they are considering investing in a new project that will last three years. The project will require an immediate capital expenditure of $800,000 which will be fully expensed this year as is now allowable under the new tax law. Festimates th revenues from this project will be $500,000 during the first year and that the revenues will grow at a rate of 10 percent per year. Variable costs are expected to be of revenues each year, and fixed costs are expected to be $10,000 per year. A on at the 30 percent e- time net working capital investment of $30,000 is requ recovered at the end of the project's life. F ired immediately and will be What is the IRR of this project? IRR