Conners Inc. invests in a new factory that will generate the following income from the products it will generate: Product Revenues $400,000 Less Operating Expenses: Salaries 128.000 Maintenance 48,000 Depreciation 62,500 Insurance 40,000 278,500 Net Operating Income 121,500 Less Taxes 36,450 Net Income 85,050 The new factory investment assumptions are as follows: Equp Purchase Price $625,000 Salvage Value 0 Life (years) 10 ax rate 30% Required Rate of Return 15% What is the investment's internal Rate of Return (IIR) (round to the nearest percentage)