Deep Waters, Inc. is using the internal rate of return (IRR) when evaluating projects. Find the IRR for the companys project. The initial outlay for the project is $540,900. The project will produce the following after-tax cash inflows of

Year 1: 250,400

Year 2: 154,000

Year 3: 126,700

Year 4: 130,200

Round the answer to two decimal places in percentage form.

You should use Excel or financial calculator.