The Riverton Company, a Utah ski resort, recently announced a $769,144 expansion of lodging properties, lifts, and terrain. Assume that this investment is estimated to produce $158,000 in equal annual cash flows for each of the first seven years of the project life. Present Value of an Annuity of $1 at Compound Interest 12% 10% 15% 20% Year 0.909 0.893 0.943 0.870 0.833 1.690 2 1.833 1.736 1.626 1.528 2.487 2.283 3 2.673 2.402 2.106 2.589 4 3.465 3.170 3.037 2.855 4.212 2.991 3.791 3.605 3.352 4.355 4.111 3.784 3.326 4.917 5.582 4.868 4.564 4.160 3.605 6.210 5.335 4.968 4.487 3.837 9. 6.802 5.759 5.328 4.772 4.031 7.360 5.650 4.192 10 6.145 5.019 a. Determine the expected internal rate of return of this project for seven years, using the present value of an annuity of $1 table above. If required, round your final answer to the nearest whole percent. 20