Conners Inc. invests in a new factory that will generate the following income from the products it will generate: $400,000 112,000 48,000 Product Revenues Less Operating Expenses: Salaries Maintenance Depreciation Insurance Net Operating Income Less Taxes Net Income 62,500 40,000 262,500 137,500 41,250 96,250 The new factory investment assumptions are as follows: Equp Purchase Price $625,000 Salvage Value 0 Life (years) 10 Tax rate 30% Required Rate of Return 15% What is the investment's internal Rate of Return (IIR) (round to the nearest percentage)