last person got it wrong

Suppose your firm is considering investing in a profect with the cash flows shown below, that the required rate of return on projects of this risk class is 8 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 anid 4.5 years, respectively: Use the IRR decision rule to evaluate this project. (Do not round intermediote calculotions and round your final onswer to 2 decimal places.)