Tanya Sinclair, owner of Sinclair Fine Wine, is considering investing $198,404 in a temperature-controlled wine storage room. She plans to rent space to customers and expects to generate $44,861 annually (rental charges less miscellaneous expenses other than depreciation). Assuming Tanya wishes to evaluate the project with a 7-year time horizon, what is the internal rate of return of the investment? (Ignore taxes.) Internal Rate of Return: % Should Tanya make the investment if her required rate of return is 11.00 %?