illabong Tech uses the internal rate of retum $($IRR$)$ to select projects. Calculate the IRR for each of the following projects and recommend the best project based on this measure. Project T$-$Shirt equires an initial investment of $$14,833$ and generates cash inflows of $$7,000$ per year for $4$ years. Project Board Shorts requires an initial investment of $$24,333$ and produces cash inflows of $11,000$ per year for $5$ years.

The IRR of project T$-$Shirt is $\%.($Round to two decimal places.$)$