3 CHR Inc. has a corporate WACC of 11.25% A proposed new product has the following projected cashflows: Year \begin{tabular}{|r|r|r||} \hline \multicolumn{1}{|l|}{ Period } & \multicolumn{1}{l|}{ Cashfow } \\ \hline 2022 & 0 & ($225,000) \\ \hline 2023 & 1 & $65,000 \\ 2024 & 2 & $100,000 \\ 2025 & 3 & $110,000 \\ 2026 & 4 & $75,000 \\ \hline 2027 & 5 & $20,000 end of project \\ \hline \end{tabular} What is the IRR of this project? Should CHR move approve this project