Question $2$

$1$ pts

A firm is considering a project that is expected to generate daily cash flows of $$26,000$ for the next $11$ years. The project requires an initial investment of $$58,254,666\mathrm{.}70.$ The cost of capital is $7\mathrm{.}22\%.$ What is the IRR of the project?

$10\mathrm{.}93\%$

$11\mathrm{.}88\%$

$12\mathrm{.}59\%$

$11\mathrm{.}05\%$

$12\mathrm{.}47\%$