A company is considering the following investment project: Capital outlay $200,000 Net Profit p.a. (before depreciation and tax) $ 90,000 Depreciation p.a. $ 40,000 Economic life: 5 years Salvage value: Zero Tax rate payable (assume paid in year of income): 30% Required rate of return: 12% (WACC + Risk factor) Assessment Task: Calculate the Internal Rate Of Return