Your firm is contemplating the purchase of a new $$670,000$ computer$-$based order entry

system. The system will be depreciated straight$-$line to zero over its $5-$year life. It will be

worth $$141,000$ at the end of that time. You will save $$214,000$ before taxes per year in

order processing costs, and you will be able to reduce working capital by $$156,000($this

is a one$-$time reduction$).$ If the tax rate is $24$ percent, what is the IRR for this project? $($Do

not round intermediate calculations and enter your answer as a percent rounded to $2$

decimal places, e$.$g$.,32\mathrm{.}16.)$