What is the Internal Rate of Return (IRR) for the cash flows provided in the table below? Note: The negative cash flow for year 0 is the initial investment for the project.The required rate of return is 8%. 
Definitions:
Investment Value
The worth of an asset or security at a specific point in time, taking into account factors such as market conditions and risk.
Interest Earned
The amount of money earned over a period of time through investments or savings that accrue interest.
Simple Interest Rate
This rate calculates interest payments only on the initial amount of money (the principal), not on the interest accrued over time.
Simple Annual Interest
Interest earned or paid on the original principal for a year without compounding.
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