S09-07 Calculating IRR [LO5] A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows: Cash Flow Year 0 0 $34,000 15,000 17,000 13,000 2 If the required return is 14 percent, what is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) IRR