You need to evaluate a project with an initial outlay of $75,000. The projected cash flows for the next 5 years are as follows:

• Year 1: $15,000
• Year 2: $20,000
• Year 3: $25,000
• Year 4: $30,000
• Year 5: $35,000

Year	Cash Flow
1	$15,000
2	$20,000
3	$25,000
4	$30,000
5	$35,000

Calculate the NPV using a discount rate of 9% and find the IRR