Plant Company is contemplating the purchase of a new piece of equipment for $47.000. Plant is in the 30% Income tax bracket. Predicted annual after-tax cash Inflows from this Investment are $20,000, $10,000, $12,000, $9,000 and $5,000 for years 1 through 5, respectively. The firm uses straight-line depreciation with no residual value at the end of five years Assume that the after-tax hurdle rate for accepting new capital investment projects by the company is 4%, after-tax (Note: PV $1 factors for 4% are as follows: for year 1*0.962, for year 2 -0.925, for year 3 -0.889. for year 4 = 0.855. for year 5 -0.822: the PV annuity factor for 4%, 5 years = 4.452) The estimated Internal rate of retum (IRR) on this Investment is