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A colleague asks for your help in finding the discount rate where the NPV=0 for a set of cash flows. You quickly recall that this

A colleague asks for your help in finding the discount rate where the NPV=0 for a set of cash flows. You quickly recall that this is the IRR for a project. Answer in %, rounding to 2 decimals.

Year 0 cash flow = -123,000

Year 1 cash flow = 45,000

Year 2 cash flow = 35,000

Year 3 cash flow = 34,000

Year 4 cash flow = 39,000

Answer:_______

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