A project cost $1,000 and will result in cash flows of 38 per year for four years. In addition

A project cost $1,000 and will result in cash flows of 38 per year for four years. In addition the project will return $1000 to the investor at the end of the fourth year. The project’s cost of capital is 8 percent. What is the projects internal rate of return? Record your answer as a decimal accurate to 4 decimal places