XYZ is evaluating a project that would require an initial investment of $70,400.00 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 $7,700.00. What is the IRR of the project? O 10.94% (plus or minus 0.02 percentage points) O 11.40% (plus or minus 0.02 percentage points) O 12.64% (plus or minus 0.02 percentage points) O 14.19% (plus or minus 0.02 percentage points) O None of the above is within 0.02 percentage points of the correct