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(Related to Checkpoint 11.4) (IRR calculation) Determine the internal rate of return on the following project: An initial outlay of $11,000 resulting in a cash inflow of $1,900 at the end of year 1, $5,100 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.)