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You are considering investing $ 5 0 , 0 0 0 in a friend's business, and they expect the following cash flows. Year 0 :

You are considering investing $50,000 in a friend's business, and they expect the following cash flows.
Year 0: -$50,000
Year 1: -$10,000
Year 2: $20,000
Year 3: $25,000
Year 4: $30,000
Year 5: $30,000
Year 6: $30,000
What is the IRR of the project? (Give your answer in percent format with 2 decimal places.)

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