Internal Rate of Return Method for a Service Company The Riverton Company, a ski resort, recently announced a \$361,368 expansion to lodging properties, lifts, and terrain. Assume that this investment is estimated to produce $72,000 in equal annual cash flows for each of the first 10 years of the project life. Present Value of an Annuity of $1 at Compound Interest a. Determine the expected internal rate of return of this project for 10 years, using the present value of an annuity of $1 table above. If required, round your final answer to the nearest whole percent. %