Question: DIY Construction CO. is considering a new inventory system that will cost $1.25 million. The system is expected to generate positive cash flows over the

DIY Construction CO. is considering a new inventory system that will cost $1.25 million. The system is expected to generate positive cash flows over the next six years in the amounts of $375,000 in year one, $325,000 per year during years two through four, $150,000 in year five, and $180,000 in year six. DIY's required rate of return is 8%. What is the internal rate of return of this project?

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