Cullumber, Inc., a resort management company, is refurbishing one of its hotels at a cost of $$6,713,731.$ Management expects that this will lead to additional cash flows of $$1,390,000$ for each of the next six years. What is the IRR of this project? If the appropriate cost of capital is $12$ percent, should Cullumber go ahead with this project? $($Round answer to $4$ decimal places, e$.$g$.5\mathrm{.}2516\%.)$

The IRR of this project is $\%$

The firm should $$ the project.