A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Year Cash Flow 0 527,000 1 11,000 14,000 3 10,000 3 If the required return is 16 percent, what is the IRR for this project? Refer to the text (or YouTube below) for examples of how to solve for the IRR with a financial calculator or Excel. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)