1. XYZ is evaluating a project that would require an initial investment of $74,800.00 today. The project is expected to produce annual cash flows of $8,900.00 each year forever with the first annual cash flow expected in 1 year. The NPV of the project is $7,100.00. What is the IRR of the project?

   		9.49% (plus or minus 0.02 percentage points)
   		13.15% (plus or minus 0.02 percentage points)
   		10.87% (plus or minus 0.02 percentage points)
   		11.90% (plus or minus 0.02 percentage points)
   		None of the above is within 0.02 percentage points of the correct answer