Giddy Entertainment Company is considering the construction of a new amusement park. The park will have an initial cash outlay of \($8\) million and will produce free cash flows of \($3.5\) million at the end of year 1, \($4.2\) million at the end of year 2, and \($2.6\) million at the end of years 3 through 5.

What is the internal rate of return on this new amusement park?