Management of Matthew Young, a confectioner, is considering purchasing a new jelly bean$-$making machine at a cost of $$357,583.$ It projects that the cash flows from this investment will be $$142,610$ for each of the next seven years. If the appropriate discount rate is $14$ percent, what is the IRR that Matthew Young management can expect on this project? $($Do not round discount factors. Round other intermediate calculations to $0$ decimal places e$.$g$.15$ and final answer to $2$ decimal places, e$.$g$.5\mathrm{.}25\%.)$

IRR is $\%$