What is the internal rate of return on this new plant the, Financial Management

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What is the internal rate of return on this new plant the

(IRR of uneven cash-flow stream) Microwave Oven Programming, Inc. is considering the construction of a new plant. The plant will have an initial cash outlay of $15 million, and will produce cash flows of S5 million at the end of year 1, $6 million at the end of year 2, and $4 million at the end of years 3 through 5. What is the internal rate of return on this new plant? The internal rate of return on this new plant is %. (Round to two decimal places.)

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