Problems 6 to 12 A proposed project requiring an initial outlay of $230,000 will provide the following year-end cash flows (remember that the initial outlay and year 3 are negative cash flows)

Year 1 2 3 4 5 6

Cash Flows $140,000 $171,000 $-440,000 $259,000 $321,000 $265,000

Please compute the internal rate of return for the above investment __________________.