Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is $13$ percent, and that the maximum allowable payback and discounted payback statistics for your company are $2\mathrm{.}5$ and $3\mathrm{.}0$ years, respectively.

Time: $012345$

Cash flow: $$$$344,000$ $$64,800$ $$83,000$ $$140,000$ $$121,000$ $$80,200$ Use the IRR decision rule to evaluate this project. $($Do not round intermediate calculations and round your final answer to $2$ decimal places.$)$ As a percent