A company is looking to acquire additional outlets for increasing storage needs The project's II (initial investment) and future cash flows would look as follows: Initial investment. 2,000,000 Cash flow year 1. 500,000 Cash flow year 2. 550,000 Cash flow year 3. 600,000 Cash flow year 4. 650,000 Cash flow year 5. 700,000 Considering the discount rate is of 8%, what would the IRR of the project be, and would you advise the company to go ahead with it?