(IRR of an uneven cash flow stream) Microwave Oven Programming, Inc. is considering the construction of a new plant. The plant will have an initial cash outlay of $6.9 million ( =$6.9 million), and will produce cash flows of $3.4 million at the end of year 1,$4.4 million at the end of year 2 , and $1.5 million at the end of years 3 through 5 . What is the internal rate of return on this new plant? The IRR of the project is \%. (Round to two decimal places.)