7) a. You seek to determine the IRR of a set of cash flows. Unfortunately, your laptop just crashed, and therefore you dont have access to Excels IRR command. Instead, youve decided to use linear interpolation to determine the IRR. The cash flows are as follows: Youll pay $2,031 today in order to take an ownership position in Ol Yeller Enterprises. In return, you expect to receive the following cash flows: $959 five years from today. An annuity stream which begins 9 years from today and ends 16 years from today. The first annuity payment youll receive is $613. Subsequent payments will grow at 1.3% per year. Using an initial guess of 5% and a secondary guess of 15%, determine the annual IRR after one round of linear interpolation. (Do not report the IRR as supplied by Excels IRR command it will be counted as wrong). Make sure you use the two guesses as supplied (not two other values). Provide an answer as a PERCENT please.