Question: 58. Pluto Planet, Inc., has a project with the following cash flows. The company evaluates all projects by applying the IRR rule. Year Cash Flow

58.

Pluto Planet, Inc., has a project with the following cash flows. The company evaluates all projects by applying the IRR rule.

Year Cash Flow
0 $ 28,400
1 12,400
2 15,400
3 11,400

What is the IRR for this project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)

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