(Calculating IRR, payback, and a missing cash flow) The Merriweather Printing Company is trying to decide on the merits of constructing a new publishing facility. The project is expected to provide a series of positive cash flows for each of the next four years. The estimated cash flows associated with this project are as follows:

Year Project Cash Flow

0 ?

1 $760,000

2 $350,000

3 $270,000

4 $510,000

The IRR of the project is _____ %. (Round to two decimal places.)