You are also considering a second business opportunity: Supplying fish, fresh fromthe bottom of the Charles River, to Harvard Dining Services, for the next three years.For this, they will pay you $35,000 immediately. You figure it will cost you $14,000a year in supplies to provide this culinary joy.

So, the revenue and costs of the project can be summarized as follows:

Immediate and only revenue:	$35,000
Costs in Year 1:	$14,000
Costs in Year 2:	$14,000
Costs in Year 3:	$14,000

Find this projects internal rate of return (IRR). Show your calculations.