S. Miller is looking to expand an existing project. The expansion requires an immediate outflow (an investment today) of $77 million. S. Miller anticipates that the project will generate one future cash flow of $195 million that will arrive at the end of year 8, and only in that year. The company considers the required rate of return of the project to be 11.75% Calculate the project's internal rate of return: % Notes on Formatting: Place your answer in PERCENTAGE form with two decimal places of accuracy. For example, if your answer is thirteen point seventy five percent, do not round that answer to fourteen percent, but instead place your answer as 13.75 and NOT as .1375.