XYZ is evaluating a project that would require an initial investment of $$70,800\mathrm{.}00$ today. The project is expected to produce annual cash flows of $$8,900\mathrm{.}00$ each year forever with the first annual cash flow expected in $1$ year. The NPV of the project is $$7,300\mathrm{.}00.$ What is the IRR of the project?

$12\mathrm{.}57\%($plus or minus $0\mathrm{.}02$ percentage points$)$

$11\mathrm{.}40\%($plus or minus $0\mathrm{.}02$ percentage points$)$

$14\mathrm{.}02\%($plus or minus $0\mathrm{.}02$ percentage points$)$

$10\mathrm{.}31\%($plus or minus $0\mathrm{.}02$ percentage points$)$

None of the above is within $0\mathrm{.}02$ percentage points of the correct answer