$12.$ Ground Breaker Inc is analyzing an investment in the manufacture of tractor parts and has generated the following:

Initial investment at time t$=0$ is $$2,000,000$

Life of project is $12$ years

Initial investment depreciated to $$0$ via straight$-$line over entire life

NWC investment required $=$ $$0\mathrm{.}00$

Expected market salvage value of investment assets $=$ $$0\mathrm{.}00$

Starting $1-$year from today, and remaining constant over project life:

Incremental sales as a result of investment $=$ $$1,600,000/$ year

Incremental expenses as a result of investment $=$ $$1,100,000/$ year

firm' tax rate $=34\%$

What is the IRR of this investment?

Enter rate in decimal form, rounded to fourth digit, as in $"0\mathrm{.}1234"$