Suppose your firm is considering investing in a project with the cash flows shown as follows, that the required rate of return on projects of this risk class is 8 percent, and that the maximum allowable payback and discounted payback statistic for the project are three and three and a half years, respectively. Time O 1 2 3 4 5 Cash -200,000 flow 60,000 85,000 53,000 32,000 11,000 Calculate the IRR (The unit is already in percentage. For example, enter 3.50 for 3.50%. Round your answers to 2 decimal places)