What is the internal rate or return for a three-year project that requires an initial outlay of $225,000 and that produces cash flows of $115,000 at the end of the first two years followed by a final cash flow of $25,000 at the end of the third year?

[Enter your answer as a percentage to the nearest 0.01 percent without the percentage sign. For example, if your answer is 15.45% then enter 15.45]