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 1 2 3 5 Cash flow -100,000 30,000 45,000 55.000 30,000 10,000 0 4 Calculate the IRR (The unit is already in percentage. For example, enter 3.50 for 3.50%. Round your answers to 2 decimal places)