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Your company is considering a new project opportunity. It would immediately receive $220. In return, in the next 4 years it will need to pay

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Your company is considering a new project opportunity. It would immediately receive $220. In return, in the next 4 years it will need to pay the following amounts of money: In 1 year: $80 In 2 years: $70 In 3 years: $50 In 4 years: $60 The required annual rate of return is 9%. Answer the following questions: (a) The Internal Rate of Return for this project is \%. (Round your answer to TWO decimal places. Put your answer in percent, NOT in decimals. For example, if your answer is 12.34 percent, then you need to put 12.34, and NOT 0.12. Also, use 0 for any blank values.) (b) This project should be \#

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