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Required information

A potential investment has a cost of $$395,000$ and a useful life of $6$ years. Annual cash sales from the investment are expected to be $$213,180$ and annual cash operating expenses are expected to be $$83,980.$ The expected salvage value at the end of the investment's life is $$35,000.$ The company has a before$-$tax discount rate of $17\%.$

Required:

Calculate the following. $($Round dollar amounts to the nearest whole dollar and IRR to one decimal place $($i$.$e$.\mathrm{.}055=5\mathrm{.}5\%).$ Enter negative amounts with a minus sign.