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A company is considering a new line which will require an initial investment of $ 3 5 5 , 0 0 0 . Free cash

A company is considering a new line which will require an initial investment of $355,000. Free cash flows expected as a result of this project are shown below. At the end of the final year shown, the company plans to sell off assets no longer needed by the project, netting $20,000 after tax. The company has a 15% cost of capital (i.e., the required rate of return is 15%). What is the internal rate of return of this proposal?
Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Initial Investment 80,00085,00090,00095,000100,000
Enter your answer as a percentage rounded to two decimal places, but without the percent symbol. For example, if your answer is 90.1234%, enter 90.12 If you have a negative result,
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