Internal rate of returnFor the project shown in the following table,, 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 _________ %. (Round to two decimal places.)

Initial investment	$90,000
Year (t)	Cash inflows
1	$35,000
2	$15,000
3	$25,000
4	$30,000
5	$35,000