Chow Company has gathered the following information on an investment project: Initial investment .................. $251,650 Annual cash inflows ................. $ 50,000 Cost of capital ..................... 6% Life of project ..................... 7 years Calculate the internal rate of return (IRR) for this investment project. Enter your answer as a percentage. For example, if the IRR was 10%, enter your answer as 10%. 

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