You want to start an organic garlic farm. The farm costs $220,000, to be paid in full immediately. Year 1 cash inflow will be $25,000, with subsequent inflows growing at a 5% annual rate until the end of year 5 when you anticipate selling the farm for $300,000 (at the end of year 5 you get both the cash inflow from operations and from selling the farm). What is the IRR of your garlic farm investment? Round to the tenth of a percent (e.g. 5.6%=5.6). [Hint: You'll need to solve this using Excel's IRR function or using a financial calculator. If using Excel, make sure the IRR cell is set to show several decimal places instead of a whole number.]