A small company purchased now for $27,255 will lose $995 each year for the first 4 years. An additional $6,333 invested in the company during the fourth year will result in a profit of $8,768 each year from the fifth to the fifteenth year. At the end of 15 years, the company can be sold for $32,348. Calculate the ERR when = 13%. Express your answer in percent rounded to two decimal places.

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