The Barb Akew is a famous local barbeque restaurant. It is examining whether it should buy a new kitchen. Its purchase price is $ 5

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The Barb Akew is a famous local barbeque restaurant. It is examining whether it

should buy a new kitchen. Its purchase price is $$575,000$ and will be depreciated

straight line to a value of $$25,000$ over its $5-$year useful life. At year $5,$ the kitchen can

be sold for $$60,000.$ The restaurant estimates that every year, it will save the following

cash flows with the new kitchen:

Year: $012345$

CF: $$176,000$ $$180,000$ $$183,000$ $$185,000$ $$190,000$

At the start of the project, The Barb Akew will also reduce its working capital by

$$80,000.$ If the company's tax rate is $23\%,$ what is the project's IRR?