Welcome Inn recently announced a $$5,085,000$ expansion of its hotel property. The investment is estimated to generate $$1,800,000$

in cash revenue and $$1,100,000$ of expenses $($ including $$200,000$ in depreciation$)$ in each of the $10$ years of the project life. What is

the anticipated internal rate of return on this project?

$6\%$

$10\%$

$12\%$

$15\%$