You are considering purchasing a house for $$300000$ and renting it out. The house is

expected to generate $$1500$ in annual rental income. The operating expenses,

including maintenance and property taxes, are estimated to be $$300$ per year. You

plan to hold the property for $15$ years and then sell it for $$300000.$ Assume a

discount rate of $10\%.$ What is the internal rate of return $($IRR$)$ of this investment?

Report the answer as a decimal number with four decimal places $($like $0\mathrm{.}1230).$