A project has an initial investment of $100$ million rands$($i$.$e$.$ year $0).$ It is expected to generate $60$ million rands in the first year $($year $1)$ and $55$ million rands in the second year $($year $2).$Using discount factors of $4\%$ and $20\%.$ What is the IRR? $($Select the closest answer from the given$)$