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A new project will generate an annual cash flow of $50,000.00 forever. The project will require a $1,000 000 00 investment today however. Based on

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A new project will generate an annual cash flow of $50,000.00 forever. The project will require a $1,000 000 00 investment today however. Based on these assumptions, what is the IRR of the project? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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