Liam Bat became a baseball enthusiast at avery early age. All of his baseball experience has provided him valuable knowledge of the 5port, 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 $974,000. Both the facility and the equipment will be depreciated over 12 years using the straight fine method and are expected to have zerosalvage values. His required rate of return is 9% (present value factor of 7.16073). Estimated annual net income is as follows: The internal rate of return. (use the above table.) (Round answer to 0 decimal places, e.g. 15\%.) Internal rate of return %