The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M$.$ Deep, business is "looking up$."$ As a result, the cemetery project will provide a net cash inflow of $$100,000$ for the firm during the first year, and the cash flows are projected to grow at a rate of $4$ percent per year forever. The project requires an initial investment of $$1,200,000.$ What is the IRR of this project?