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Inc., a resort management company, is refurbishing one of its hotels at a cost of $7,488,051. Management expects that this will lead to additional cash

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Inc., a resort management company, is refurbishing one of its hotels at a cost of $7,488,051. Management expects that this will lead to additional cash ffows of $1,725,000 for each of the next six years. What is the IRR of this project? If the appropriate cost of capital is 12 percent, should Oriole go ahead with this project? (Round answer to 4 decimol places, e.g. 5.2516\%.) The IRR of this project is The firm should the project

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