Your firm is contemplating the purchase of a new $1,646,400 computer-based order entry system. The system will be depreciated straight-line to zero over its 5-year life. It will be worth $147,000 at the end of that time. You will save $646,800 before taxes per year in order processing costs and you will be able to reduce working capital by $59,240 (this is a one-time reduction). If the tax rate is 33 percent, what is the IRR for this project? Please do not round.