What is the irr of this project if the appropriate cost of, Financial Management

What is the irr of this project if the appropriate cost of

Internal rate of return: Hathaway, Inc., a resort management company, is refurbishing one of its hotels at a cost of $7.8 million. The firm expects that this will lead to additional cash flows of $1.8 million for the next six years. What is the IRR of this project? If the appropriate cost of capital is 12 percent, should they go ahead with this project?

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