You just sold your investment property for $459,401. 7 years ago, you paid $265,107 for the property. What is your annual rate of return on this property? Answer should be formatted as a percent with two decimal places. Assume that an industrial building can be purchased for $1,500,000 today, is expected to yield cash flows of $80,000 for each of the next five years (with the cash flows occurring at the end of each year), and can be sold at the end of the fifth year for $1,625,000. Calculate the internal rate of return (IRR) for this transaction. Answer should be formatted as a percent with two decimal places