A project has an NPV of $50,500. Calculate the cost of capital of this project if it generates the following cash flows for six years after an initial investment of $203,000: (Round answer to 2 decimal places, e.g. 25.25%.)

Year 1:$50,500

Year 2:$50,500

Year 3:$31,500

Year 4:$78,500

Year 5:$62,500

Year 6:$73,500

Cost of Capital in percentage?