Among the four proposals in Problem 2, what is the greatest numerical value for the internal rate of return (IRR)? Write your answer as a percentage with two decimals. Thus, for example, if the proposals have IRR equal to 1.23%, 2.34%, 3.45%, and 4.56%, then your answer would be 4.56 (do not include the % symbol; just write the numerical value).

Problem 2 - Concession Stand 15% PB IRRI NPV Project Incremental Cash Flows Investment Year 1 Year 2 Year 3 (50.000) 2.12 1. Update Existing Equipment Sum of CFs 23.000 (27,000) 24.000 (3,000) 25.000 22.000 2. Add a New Window Sum of CFs (75,000 44,000 46,000 48,000 3. Build a New Stand Sum of CFs (125,000) 70,000 73,500 77,000 4. Rent a Larger Stand Sum of CFs (15,000) 12,000 12,000 12,000