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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 $9,000 resulting in a cash inflow of $1,600 at the end of year 1, $5,200 at the end of year 2, and $7,500 at the end of year 3. This project's internal rate of return is %. (Round to two decimal places.)