OptiLux is considering investing in an automated manufacturing system. The system requires an initial investment of $4.1 million, has a 20year life, and will have zero salvage value, lfthe system is implemented, the company will save $600,000 per year in direct labor costs, The company requires a12% return from its investments, Compute the internal rate of return for the proposed investment {Round your answer to 2 decimal places.] _:|