Nike is looking at an investment in automation for their Nike.com warehouse in Memphis to have drones fry through the warehouse and collect inventory data, feed this to an AI system, and track their inventory better. The system will cost 6,500,000 and have an annual $200,000 expense with an 4% cost escalation clause. The system will save Nike $2,200,000 per year mostly in labor and they have a 2.5% inflation factor for labor. Assume Nike will pay 21% Tax on the increase in profits they make from this project. What is the IRR of this project over the 5 year life? (Show as percent %) Show equations and please use Excel