Chaquille's K-House, Inc. made an investment in a project with an initial cost of $11,326,175, This inwestment was for 8 years and had no residual value. The company expects to receive yearly net cash inflows of $2,652,500. Marnagement is requiring a return of 11% on the investment. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. What is the IRR for the project? is this a good imvestment? Present value factor of an annuity of $1 AnnuityFactor=r1(1+r)n,wherer=rate,andn=$ofperiods. 2. Use the rate closest to the calculated Arnulty PV factor that creates a positive NPV. 3. Is this an attractive investment? Chaquille's K-House, Inc. made an investment in a project with an initial cost of $11,326,175, This inwestment was for 8 years and had no residual value. The company expects to receive yearly net cash inflows of $2,652,500. Marnagement is requiring a return of 11% on the investment. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. What is the IRR for the project? is this a good imvestment? Present value factor of an annuity of $1 AnnuityFactor=r1(1+r)n,wherer=rate,andn=$ofperiods. 2. Use the rate closest to the calculated Arnulty PV factor that creates a positive NPV. 3. Is this an attractive investment