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(Related to Checkpoint 11.4) (IRR calculation) Deternine the internal rate of return on the following project. An initat cutloy of $9,500 resuting in a cash

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(Related to Checkpoint 11.4) (IRR calculation) Deternine the internal rate of return on the following project. An initat cutloy of $9,500 resuting in a cash irsow of $1,800 at the end of year 1 , $4,900 at the end of year 2, and \$7, $00 at the end of year 3 . This project's intemal rate of return is 6. (Round to two dedimal places.)

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