A new project will cost $80,000 and is expected to last 4 years. At the end of 4 years it is expected to have a scrap value of $10,000. The project is expected to generate operating cash flows each year as follows: Year 1 Year 208 Year 3 Year 4 $20,000 $30,000 0 $40,000 $10,000 Calculate the net present value at interest of 15% and hence estimate the Internal Rate of Return (IRR) of the project