(IRR calculation) Jella Cosmetics is considering a project that costs $800,000 and is expected to last for 10 years and produce future cash flows of $175,000 per year. If the appropriate discount...

(IRR calculation)

Jella Cosmetics is considering a project that costs $800,000 and is expected to last for 10 years and produce future cash flows of $175,000 per year.

If the appropriate discount rate for this project is 17 percent, what is the project's IRR?