Question $13$

$5$ pts

Illinois Tool Works is considering a project that has an initial cash outflow of $$1\mathrm{.}2$ million and expected cash inflows of $$328,000$ per year for the next $5$ years. What is the project's IRR?

Your answer should be between $7\mathrm{.}60$ and $13\mathrm{.}42,$ rounded to $2$ decimal places, with no special characters.