o The Blue Sky Ski Resort plann to install a new chairlift Construction is estimated to require an immediate outlay of $240,000. The life of the lift is estimated to be fitteen years with a salvage value of $75,000. Cost of clearing and grooming the new aron is expected to be $20,000 for each of the first three years of operation Net cash inflows from the lift are expected to be $38,000 for each of the first five years and $80,000 for each of the following ten years Calculate the internal rate of return (IRR) The internal rate of return is % (Round to the nearest tenth as needed.)