This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. Do not use algebraic formulas to calculate these problems.

Question 2 (1 point)

Deep Waters, Inc. is using the internal rate of return (IRR) when evaluating projects. Find the IRR for the companys project. The initial outlay for the project is $415,000. The project will produce the following after-tax cash inflows of

Year 1: 122,100

Year 2: 16,400

Year 3: 176,300

Year 4: 129,200

Round the answer to two decimal places in percentage form.