The Laiterie de Coaticook in the Eastern Townships of Quebec produces several types of cheddar cheese. It markets this cheese in four varieties: aged 2 months, 9 months, 15 months, and 2 years. At the producer's store, 2 kg of each variety sell for the following prices: $ 6.50, $ 9.50, $ 11.00, and $ 12.00, respectively. Consider the cheese maker's decision whether to continue to age a particular 2-pound block of cheese. At 2 months, he can either sell the cheese immediately or let it age further. If he sells it now, he will receive $ 6.50 immediately. If he ages the cheese, he must give up the $ 6.50 today to receive a higher amount in the future. What is the IRR (expressed in percent per month) of the investment of giving up $ 65.00 today by choosing to store 20 kg of cheese that is currently 2 months old and instead selling 10 kg of this cheese when it has aged 9 months, 6 kg when it has aged 15 months, and the remaining 4 kg when it has aged 2 years?

The IRR is _____% per month.

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