​(IRR calculation)   Jella Cosmetics is considering a project that costs ​$800,000 and is expected to last for 10 years and produce future cash flows of $175,000 per year. If the appropriate discount rate for this project is 17 ​percent, what is the project's IRR?   The​ project's IRR is ( ? ) %.   ​(Round to two decimal​ places.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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ISBN:9781337514835
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Chapter10: Capital Budgeting: Decision Criteria And Real Option
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​(IRR calculation)  
Jella Cosmetics is considering a project that costs ​$800,000 and is expected to last for 10 years and produce future cash flows of $175,000 per year.
If the appropriate discount rate for this project is 17 ​percent, what is the project's IRR?
 
The​ project's IRR is ( ? ) %.  
​(Round to two decimal​ places.)   
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