Question: ABC Corp. is considering a project that will provide a net cash inflow of $107,822 for the firm during the first year, and the cash

ABC Corp. is considering a project that will provide a net cash inflow of $107,822 for the firm during the first year, and the cash flows are projected to grow at a rate of 4 percent per year forever. The project requires an initial investment of $1,200,000. What is the IRR of this project? (Put the cost in percentages. If your answer is 11.1111% or 0.111111, then put in 11.11.)

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