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B11-10 (book/static) Question Help (IRR calculation) Jella Cosmetics is considering a project that costs $800,000 and is expected to last for 10 years and produce

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B11-10 (book/static) Question Help (IRR calculation) Jella Cosmetics is considering a project that costs $800,000 and is expected to last for 10 years and produce future cash flows of $175,000 per year. If the appropriate discount rate for this project is 16 percent, what is the project's IRR? The project's IRR is %. (Round to two decimal places.)

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