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Deep Waters, Inc. is using the internal rate of return (IRR) when evaluating projects. Find the IRR for the company’s project. The initial outlay for the project is $356,300.

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Deep Waters, Inc. is using the internal rate of return (IRR) when

evaluating projects. Find the IRR for the company’s project. The initial outlay for the project is $356,300. The project will produce the following after-tax cash inflows of
Year 1: 160,500
Year 2: 28,500
Year 3: 150,700
Year 4: 143,800
Round the answer to two decimal places in percentage form.

 
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