Microwave Oven Programming, Inc. is considering the construction of a new plant. The plant will have an initial cash outlay of $7.1 million (= - $7.1 million), and will produce cash flows of $3.7 million at the end of year 1, $5.4 million at the end of year 2, and $1.8 million at the end of years 3 through 5. What is the internal rate of return on this new plant?

The IRR of the project is ____%. (Round to two decimal places.)

(IRR of an uneven cash flow stream) Microwave Oven Programming, he. is considering the construction of a new plant. The plant wit have an intial cash outtay of 57.1 mition ( = - 57.1 mition). and will produce cash flows of $3.7 milion at the end of year 1.55.4 milion at the end of yeor 2 , and $1.8 milion at the end of years 3 therogh 5 . What is Bhe hiamai rate of toturn on this new plant? The IRR of the project is 4. (Round to two decimal places)