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Current Attempt in Progress Sunland, Inc., a resort management company, is refurbishing one of its hotels at a cost of $7,359,707. Management expects that

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Current Attempt in Progress Sunland, Inc., a resort management company, is refurbishing one of its hotels at a cost of $7,359,707. Management expects that this will lead to additional cash flows of $1,690,000 for each of the next six years. What is the IRR of this project? If the appropriate cost of capital is 12 percent, should Sunland go ahead with this project? (Round answer to 4 decimal places, e.g. 5.2516%.) Ques Accoun Quest Account The IRR of this project is The firm should the project. % Quest Accounti Questi Accountin

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