(Related to Checkpoint 11.4) (IRR calculation) Determine the internal rate of return on the following project: An initial outlay of $10,500 resulting in a cash inflow of $1,900 at the end of year 1,$4,900 at the end of year 2 , and $7,500 at the end of 3 . This project's internal rate of return is \%. (Round to two decimal places.)