Colex wishes to bid on a contract that is expected to yield after-tax net cash flows of $125,000 in year 1, $130,000 in year 2, and $135,000 per year in years 3-10. To obtain the contract, Colex will need to invest $330,000 to reconfigure a packaging system, $52,000 (after-tax) to retrain current employees, and $25,000 (after-tax) on an environmental impact study that is required to be completed on acceptance of the contract. What is the project's internal rate of return?