The Merriweather Printing Company is trying to decide on the merits of constructing a new publishing facility. The project is expected to provide a series of positive cash flows for each of the next four years. The estimated cash flows associated with this project are as follows:

Year	Project Cash Flow
0	?
1	$760,000
2	420,000
3	310,000
4	470,000

If you know that the project has a regular payback of 2.6 years, what is the project's IRR?

The IRR of the project is ___%.