Dasht Co is considering a new project. Details of the proposed project are as follows: 6 years Life of project: Initial cost: Annual savings: NPV at 5%: $85,000 $24,000 $36,824 What is the internal rate of return for this project to the nearest 1%? Use Annuity factor for 20% provided below 20% annuity factor Present Year value 0 1 1-6 3.326