The Merriweather Printing Company is trying to decide on the merits of constructing a new publishing facility. The project is expected to provide a series of positive cash flows for each of the next four years. The estimated cash flows associated with this project are as follows:

Year	Project Cash Flow
0	?
1	$800,000
2	400,000
3	300,000
4	500,000

If you know that the project has a regular payback of 2.5 years, what is the project's IRR?