You are looking to acquire a property and hold it for 5 years. The acquisition will cost you $4.8 million and will produce the following cash flows. At the end of year 5 you believe you will be able to sell the property for $7.2 million. What is your projected IRR for this investment? (Assume all cash flows occur at the end of each year. Round to 1 decimal place, 0.0%.)

Year 1	Year 2	Year 3	Year 4	Year 5
(50,000)	530,000	565,000	584,000	601,000