The proposed expansion of a company's plant facilities requires the immediate outlay of $155,000. Expected net returns are given in the following table. Calculate the internal rate of return (IRR). Year 1 Year 2 Year 3 $29,000 $50,000 $63,000 Year 4 Year 5 Year 6 $37,000 $30,000 $9,000 The internal rate of return is %. (Round to the nearest tenth as needed.)