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Consider the following project being analyzed for possible investment at ABC Corp. Initial Cost $50 Inflow Year 1 $15 Inflow Year 2 $15 Inflow Year

Consider the following project being analyzed for possible investment at ABC Corp. Initial Cost $50 Inflow Year 1 $15 Inflow Year 2 $15 Inflow Year 3 $20 Inflow Year 4 $10 Inflow Year 5 $10 All amounts are in millions. The required return for the project is 8%. The projects IRR is: (Enter your answer without a leading dollar sign out to four decimal places and in abbreviated millions. As an example, you would enter 5.42% as 0.0542.)

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