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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.

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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 $406,600. The project will produce the following after-tax cash inflows of
Year 1: 143,600
Year 2: 149,800
Year 3: 170,600
Year 4: 155,500
Round the answer to two decimal places in percentage form.

 
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