A project has an initial cost of $264,000 and is expected to generate a single cash inflow of $482,000 in 7 years. If the cost of capital is 6%, what is this project's internal rate of return? Answer...

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Extracted text: A project has an initial cost of $264,000 and is expected to generate a single cash inflow of $482,000 in 7 years. If the cost of capital is 6%, what is this project's internal rate of return? Answer in percent, rounded to one decimal place (e.g., 4.87% = 4.9) A Moving to another question will save this response.