Stockton Lumber is considering the purchase of a new truck fleet. The cost of the new fleet would be $118,114 and they can trade in the old fleet for $30,738 immediately (this would reduce the $118,114 cost). Stockton anticipates cash flow from the more efficient fleet to be $27,728 in 2 year(s). $19,621 in 4 years and $46,455 in year 9 after 12 years the trucks will be retired for a total cash flow of $45,214. Find the IRR of the project. Assume quarterly compounding. Use the IRR to determine if Stockton lumber should go-ahead with the new truck project if their cost of capital is 13.93%.