A college friend of mine just filed for a patent for a new product - the "bowling buddy" bowlers' training aid.The bowling buddy sells for $55 and the variable cost per unit is $26.They rent production space for $25,000 annually.The initial investment is $250,000 and the project life is 5 years.Assume appropriate discount rate is 10% and ignore taxes.Assuming my friend can sell 4,000 bowling buddies per year, what is the IRR of the project?