The proposed expansion of CIV Electronics' plant facilities requires the immediate outlay of $104,000. Expected net returns are given in the following table. Calculate the internal rate of return (IRR). Year 1 $Nill Year 2 $29,000 Year 3 $40,000 Year 4 Year 5 Year 6 $50,000 $46,000 $16,000 The internal rate of return is %. (Round to the nearest tenth as needed.)