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6 (Calculating IRR, payback, and a missing cash flow) The Merriweather Printing Company is trying to decide on the merits of constructing a new publishing

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(Calculating IRR, payback, and a missing cash flow) The Merriweather Printing Company is trying to decide on the merits of constructing a new publishing facility. The project is expected to provide a series of positive cash flows for each of the next four years. The estimated cash flows associated with this project are as follows: Project Cash Flow AWNO O $760,000 360,000 310,000 480,000 If you know that the project has a regular payback of 2.2 years, what is the project's IRR? The IRR of the project is %. (Round to two decimal places.)

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