The capital budgeting director of Sparrow Corporation is evaluating a project which costs $200,000, is expected to last for 10 years and produce net after-tax cash flows of $41,381 per year. If the firm's cost of capital is 14 percent, what is the project's IRR? (Hint: Is the firm's cost of capital relevant to an IRR calculation? ) Answer to 2 decimal places in units of percent, without the % sign. Thus, if your answer is 27.341%, then enter 27.34.