Question: Illinois Tool Works is considering a project that has an initial cash outflow of $1.2 million and expected cash inflows of $326,000 per year

Illinois Tool Works is considering a project that has an initial cash outflow of $1.2 million and expected

Illinois Tool Works is considering a project that has an initial cash outflow of $1.2 million and expected cash inflows of $326,000 per year for the next 5 years. What is the project's IRR? Your answer should be between 7.60 and 13.42, rounded to 2 decimal places, with no special characters.

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