A company is considering an iron ore extraction project that requires an initial investment of $$1,300,000$ and will yield annual cash inflows of $$789,314$ for two years. The company's discount rate is $9\%.$ Calculate IRR.

Present value of ordinary annuity of $$1$ :

$\backslash$table$[[,10\%,12\%,14\%,15\%,16\%,18\%,20\%$