Kellys Bakery is considering opening a new location. They estimate initial cost for the project to be $700 which must be paid up front. They estimate project cash flows of $200 at the end of year 1, $300 at the end of year 2, $400, at the end of year 3, At the end of year 4 they will sell the location and collect total cash flow of $620. Find the IRR of the project and recommend whether they should pursue it if Kellys Bakery has a 28% cost of capital.