Required information A potential investment has a cost of $380,000 and a useful life of 5 years. Annual cash sales from the investment are expected to be $279,428 and annual cash operating expenses are expected to be $110,078. The expected salvage value at the end of the investment's life is $50,000. The company has a before-tax discount rate of 15%. Required: Calculate the following. (Round dollar amounts to the nearest whole dollar and IRR to one decimal place (i.e. .055 = 5.5\%). Enter hegative amounts with a minus sign.)