Consider a project in which the initial after-tax investment is $80,000. The predicted after-tax cash flow for the following 4 years are:

Year 1: $25,000

Year 2: $25,000

Year 3: $35,000

Year 4: $45,000

Year 5: $55,000

What is the IRR of this project?

Group of answer choices

30.29%

29.32%

24.54%

27.98%

24.14%