Question 14 (2 points) Cardigan, Inc. is looking at the IRR of a new mixer for its chemical plant. The mixer will cost $1,500,000 and will increase future cash flows for 2021 by $370,000 and for 2022 by $720,000 and for 2023 by $800,000 and for 2024 by $560,000 at the end of which the mixer will be sold for $100,000. What is the IRR of the mixer rounded to the nearest percent if the cost of capital is 12%