An investment project with no residual value has a net present value of $87,980 when it is discounted using a cost of capital of 10%. The annual cash flows are as follows: Year $ 0 (200,000) 1 80,000 90,000 100,000 60,000 40,000 2 o A N. 3 4 5 Calculate the Internal Rate of Return (IRR) of the project. (use Discount factor 20% as high level)