Consolidated Industries is considering a 4- year project. The project is expected to generate operating cash flows of $6 million, $8, million, $18 million, and $20 million over the four years, respectively. It will require an initial capital expenditure of $24 million dollars and an initial investment in NWC of $7 million. The firm expects to generate a $4 million after tax salvage value from the sale of equipment when the project ends, and it expects to recover 100% of its NWC investments. Assuming the firm requires a return of 16% for projects of this risk level, what is the project's IRR?

	26.14%
	27.18%
	26.66%
	27.97%
	27.44%