The blue Sky Ski Resort plans to install a new chair lift. Construction is estimated to require an immediate outlay of $230,000. The life of the lift is estimated to be fifteen years with a salvage value of $75,000 Cost of clearing and grooming the new area is expected to be $25,000 each of the first three years of operation. Net cash inflows from the lift are expected to be $42,000 for each five years and $80,000 for each of the following ten years. Calculate the internal rage of return (IRR)

The internal rate of return is ___%

530, 000 tor each of the following ton vears. Calcilate the themay rate of rebin (orR) The internal rale of teture is (Ktound lis that neaiest tenth as neoded)