Marshall Manufacturing has assigned a discount rate of 13.5 percent to a new project that has an initial cost of $365,000 and cash flows of $157,000, $168,000, and $191,000 for Years 1 to 3, respectively. What is the IRR of this project?

		17.45%
		18.82%
		19.70%
		21.05%
		20.48%

Marshall Manufacturing has assigned a discount rate of 13.5 percent to a new project that has an initial cost of $365,000 and cash flows of $157,000, $168,000, and $191,000 for Years 1 to 3, respectively. What is the net present value of this project?

		$40,500.29
		$38,197.02
		$36,725.81
		$34,368.85
		$32,648.51