Elijah Bat became a baseball enthusiast at a very early age. All of his baseball experience has provided him valuable knowledge of the sport, and he is thinking about going into the batting cage business. He estimates the construction of a state$-$of$-$the$-$art building and the purchase of necessary equipment will cost $\backslash (\backslash$$ $780,000\backslash ).$ Both the facility and the equipment will be depreciated over $12$ years using the straight$-$line method and are expected to have zero salvage values. His required rate of return is $996($present value factor of $7\mathrm{.}16073).$ Estimated annual net income is as follows:The net present value. $($For colculation purposes, use $5$ decimal ploces as displayed in the foctor toble provided. Round answer to $0$ decimol ploces, e$.$g$.5,275.)$ Internal Rate of Return?