You are considering investing in a business whose cash flows are expected to be 990,000 next year, $1,000,000 in the following year and $2,600,000 in the third. If your required investment is $3,600,000 what is the internal rate-of-return (IROR)? [In other words, what is the discount rate that, when applied to these future cash flows, equates their present value to the investment amount?