Brief Exercise 24-8 Viera Corporation is considering investing in a new facility. The estimated cost of the facility is $2,154,004. It will be used for 12 years, then sold for $710,900. The facility will generate annual cash inflows of $398,900 and will need new annual cash outflows of $150,600. The company has a required rate of return of 7%. Click here to view PV table. Calculate the internal rate of return on this project.