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Hello, I need the breakdown and step by step on how to answer this question about IRR Consolidated Aluminum is considering the purchase of a

Hello, I need the breakdown and step by step on how to answer this question about IRR

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Consolidated Aluminum is considering the purchase of a new machine that will cost $308,000 and provide the following cash flows over the next five years: $88,000. 92,000, $91,000. $72,000, and $71,000. Calculate the IRR for this piece of equipment. NOTE: Enter amounts rounded to two decimals (e.g., 78.76 or 40.00)

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