A project is estimated to cost $273,840 and provide annual cash flows of $60,000 for seven years. Determine the internal rate of return for this project, using the following table. Year 1 2 3 4 5 6% 10% 12% 943 909 893 1.833 1.736 1.690 2.673 2.487 2.402 3.465 3.170 3.037 4.212 3.791 3.605 4.917 4.355 4.111 5.582 4.868 4.564 6.210 5.335 4.968 6.802 5.759 5.328 7.360 6.145 5.650 16 17 18 19 10 The internal rate of return % for this project is