A potential investment has a cost of $440,000 and a useful life of 8 years. Annual cash sales from the investment are expected to be $225,225 and annual cash operating expenses are expected to be $88,725. The expected salvage value at the end of the investment's life is $40,000. The company has a before-tax discount rate of 16%. Required: Calculate the following. (Round dollar amounts to the nearest whole dollar and IRR to one decimal place (l.e. 055=5.5%). Enter negative amounts with a minus sign.)