Youre a project engineer and want to figure out the internal rate of return on switching to a new process with new equipment. If this new equipment requires an initial investment of $5,500 but generates a net profit of $1,325 per year for the following 6 years, then what is the project's internal rate of return? Use interpolation methods or a spreadsheet to calculate your answer. Express your answer as a percentage value rounded to the nearest tenth of a percent (e.g. if you believe the answer to be 1.2%, enter 1.2). You may want to use linear interpolation.