For Q# 24 to Q#29:

Port Huron, Inc operates a toll bridge.

It requires $10,000 additional investments to retrofit the bridge

The following additional Cash flows are expected for the next 10 years

CF₁ = 2,000 CF₂ = 2,000 CF₃ = 2,500 CF₄ = 2,500 CF₅ = 3,000

CF6 = 3,000 CF₇ = 3,000 CF₈ = 3,000 CF₉ = 4,000 CF₁₀ = 4,000

The relevant WACC is 12.0%.

What is the IRR of the Project?

[Answer Format: Example: for 33.50% type 33.50 without "%"]