Cash flows from a new project are expected to be $2,000, $4,000, $8,000, $20,000 and $20,000 over the next 5 years, respectively. Assuming an initial cost of $35,000 and a required return of 10%, what is the project's IRR?

	11.77%
	12.24%
	10.95%
	12.01%
	11.30%