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A firm evaluates all of its projects by applying the IRR rule. Year Cash Flow 0 $ 159,000 1 57,000 2 82,000 3 66,000 1.

A firm evaluates all of its projects by applying the IRR rule.

Year Cash Flow
0 $ 159,000
1 57,000
2 82,000
3 66,000

1. What is the project's IRR?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

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