Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 8 percent, and that the maximum allowable payback and discounted payback statistics for the project are 20 and 3.0 years, respectively. Time: Cash Slow: 0 -39,500 1 $1,050 $2,250 3 $1,450 $1,450 5 $2,250 6 41,050 Use the IRR decision rule to evaluate this project. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.) IRR 96 95