Jonah Company Is Considering Investing in a Project That Will $\text { Present Value of an Annuity of } 1$

Jonah Company is considering investing in a project that will cost $136520 and have no salvage value at the end of its 5-year life. It is estimated that the project will generate annual cash inflows of $36000 each year. The company has a hurdle or cutoff rate of return of 8% and uses the following compound interest table: $\text { Present Value of an Annuity of } 1$
$\begin{array}{llllll}\text{Period}&6\%&8\%&10\%&12\%&15\%\\5 & 4.212 & 3.993 & 3.791 & 3.605 & 3.352\end{array}$
Instructions
Using the internal rate of return method determine if this project is acceptable by calculating an approximate interest yield for the project.