ABC Company is considering a project that has the following cash flow data. What is the project's IRR? Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.

Year:

0

1

2

3

4

5

Cash flows:

-$1,100

$375

$375

$375

$375

$375