(IRR of 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 $12 million, and will produce cash flows of $4 million at the end of year 1, $ 5 million at the end of year 2, and $3 million at the end of years 3 through 5. What is the internal rate of return on this new plant? The internal rate of return on this new plant is __%. (Round to two decimal places.)