Calculating IRR, payback, and a missing cash flow) The Merriweather Printing Company is trying to decide on the merits of constructing a new publishing facility The project is expected to provide a series of positive cash flows for each of the next four years. The estimated cash flows associated with this project are as follows Year Project Cash Flow $770,000 370,000 290,000 520,000 Text If you know that the project has a regular payback of 24 years, what is the project's IRR? la Libre The IRR of the project is (Round to two decimal places.) Calcula Resource (Related to Checkpoint 11.4) (IRR calculation) Determine the internal rate of return on the following project: An initial outlay of $11,000 resulting in a cash inflow of $1,600 at the end of year 1, $5,100 at the end of year 2, and $7,500 at the end of year 3. This project's internal rate of return is % (Round to two decimal places.)