A company is considering a project with the following characteristics: - Initial investment: $50,000 - Annual cash inflows for 7 years: $10,600 per year The company's discount rate is 13%. Which answer below is closest to the Internal Rate of Return for this project? (Use the present values tables above for any present value calculations. Don't round intermediate calculations. Round your final answer to the nearest dollar.) \begin{tabular}{l} 8% \\ 9% \\ 10% \\ 11% \\ \hline 12% \\ \hline 13% \\ \hline 14% \\ 15% \end{tabular}