Ivanhoe, Inc., a resort management company, is refurbishing one of its hotels at a cost of $$4,897,752.$ Management expects that this will lead to additional cash flows of $$1,130,000$ for each of the next six years. What is the IRR of this project? If the appropriate cost of capital is $12$ percent, should Ivanhoe go ahead with this project? $($Round answer to $4$ decimal places, e$.$g$\mathrm{.}5\mathrm{.}2516\%.)$The IRR of this project is$\%$The firm shouldthe project.