The utah mining corporation is set to open a gold mine near provo, utah. according to the treasurer, monty goldstein, "this is a golden opportunity." the mine will cost $2,700,000 to open and will have an economic life of 11 years. it will generate a cash inflow of $375,000 at the end of the first year, and the cash inflows are projected to grow at 8 percent per year for the next 10 years. after 11 years, the mine will be abandoned. abandonment costs will be $430,000 at the end of year 11. a. what is the irr for the gold mine? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)