Your firm is contemplating the purchase of a new $550.000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth S74,000 at the end of that time. You will save $167000 before taxes per year in order processing costs, and you will be able to reduce working capital by $99,000 (this is a one-time reduction) If the tax rate is 23 percent, what is the IRR for this project? (Do not round intermediate calculetions and enter your enswer as a percent rounded to 2 decimal places. e.g., 32.16.) IRR

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