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A capital investment project you have been asked to analyze has net incremental cash flows, Years 1 through 4 , as listed below. The initial

A capital investment project you have been asked to analyze has net incremental cash flows, Years 1 through 4, as listed below. The initial investment required is $1 million, and the WACC is 11.5%. What is IRR?
Year 1: $85,000
Year 2: $225,000
Year 2: $450,000
Year 4: $650,000
Enter your response as a regular percentage rate, rounded to the nearest first decimal. Do not enter dollar signs, percent signs, or commas.
For example, if you calculated the decimal 0.1891, you would enter for your answer, 18.9. Or if you calculated 29.0945%, you would enter 29.1.

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