Liam Bat becamea baseball enthusiast at a very early age. All of his baseball experience has provided him valuable knowledge of the sport, 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 $988,000. Both the facility and the equipment will be depreciated over 12 years using the straight-line method and are expected to have zero salvage values. His required rate of return is 99 s present value factor of 7.16073), Estimated annuai net income is as follows. Clickhere to view PV tables For this investmient, calculate The internal rate of return. (use the above table.) (Round answer to 0 decimal places, eg. 15\%.) Internal rate of return