Your firm is contemplating the purchase of a new $$435,000$ computerbased order entry system. The system will be depreciated straight$-$line to zero over its $6-$year life. It will be worth $$54,000$ at the end of that time. You will save $$157,000$ before taxes per year in order processing costs, and you will be able to reduce working capital by $$43,000$ at the beginning of the project. Working capital will revert back to normal at the end of the project. If the tax rate is $23$ percent, what is the IRR for this project?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

IRR

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