A fertilizer company wants to create an environmentally friendly fertilizer in a new manufacturing plant. The manufacturing plant is going to cost $81.60 million in today's dollars. The new fertilizer is likely to produce cash flows of $25.00 million for four years, starting in one year. The company can borrow at a rate of 9.00% to build this plant.

How much is the IRR (internal rate of return) of this project? Enter your answer in the following format: 0.1234; Hint: Answer is between 0.0797 and 0.0953