Erma$$s Beauty Supply, Inc. is considering expanding the company$$s existing store. Erma$$s wants to lease the office space next door. Erma$$s must spend $$140,000$ on new equipment to expand. The equipment is expected to have a zero$-$salvage value and an $8-$year useful life. Erma$$s believes that the equipment will be worthless at the end of its $8-$year life. Erma$$s believes it will have to increase net working capital by $$15,000$; this amount will be recovered at the end of $8$ years. Last month, Erma$$s spent $$18,000$ to conduct a survey of potential new customers in the area surrounding the current store to see if there was sufficient demand for a larger store. Erma$$s estimates that net revenue will increase by $$135,000$ per year in the new store for eight years. The direct expenses incurred to make those sales are $$75,000,$ including rent. The lease Erma$$s is considering signing is for $8$ years. Erma$$s Beauty Supply has a marginal tax rate of $40\%$ and has a weighted average cost of capital of $10\mathrm{.}0\%.$ What is the IRR of this project?