Trilever is planning to establish a new factor overseas. The project requires an initial investment of $15 million. Management intends to run this factory for 6 years and then sell it to a local entity. Trilevers finance department has estimated the following yearly cash flows and an opportunity cost of capital of 19%:

Year	Cash Flow $
0	-15,000,000
1	4,000,000
2	4,000,000
3	4,000,000
4	4,000,000
5	4,000,000
6	7,000,000

1. Calculate the IRR of this project
2. Make a recommendation to the CFO concerning whether to undertake this project (use an IF statement to set up your decision rule)