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K (Related to Checkpoint 11.4) (IRR calculation) Determine the internal rate of retum on the following project: An initial outlay of $9.500 resulting in

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K (Related to Checkpoint 11.4) (IRR calculation) Determine the internal rate of retum on the following project: An initial outlay of $9.500 resulting in a cash inflow of $2,100 at the end of year 1 $4,800 at the end of year 2, and $8,400 at the end of year 3. This project's internal rate of return is % (Round to two decimal places.)

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