Your company is considering a capital investment of $120 million. The project will produce equal annual operating cash flows of $30 million over its six-year life. At the end of the six years it will be sold for $40 million, $20 million above net book value. The project will require a $10 million investment in net working capital, 60% of which will be recovered upon project termination. Your company has a 35% marginal tax rate and a WACC of 15%. What is this projects IRR? (in percent with 4 decimals)