Jella Cosmetics is considering a project that costs $825,000 and is expected to last for 8 years and produce future cash flows of $200,000 per year. If the appropriate discount rate for this project is 19 percent, what is the project's IRR?

The project's IRR is ____%.

(IRR calculation) Jela Cosmetcs is considening a project that costs $825,000 and is expected to last for 8 years and produce future cash flows of $200,000 per year. If the appropriate discount rate for this project is 19 percent, what is the project's IRR? The project's IRR is 6. (Riound to two decimal places.)