Internal rate of return: For the project shown in the following table,

Initial Investment $120,000 Year (t) Cash inflows 1 $35,000 2 $40,000 3 $20,000 4 $40,000 5 $15,000

, calculate the internal rate of return

(IRR).

Then indicate, for the project, the maximum cost of capital that the firm could have and still find the IRR acceptable.

The project's IRR is ___%.