#$6$C $($IRR$)$

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This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems. Do not use algebraic formulas to calculate these problems.

Question $1(1$ point$)$

A project has an initial outlay of $$2,858.$ It has a single cash flow at the end of year $10$ of $$5,340.$ What is the internal rate of return $($IRR$)$ for the project?

Round the answer to two decimal places in percentage form. $($Write the percentage sign in the "units" box$)$