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Your firm is contemplating the purchase of a new $580,000 computer-based order entry system. The system will be depreciated straight-line to zero over its 5

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Your firm is contemplating the purchase of a new $580,000 computer-based order entry system. The system will be depreciated straight-line to zero over its 5 -year life. It will be worth $69.000 at the end of that time. You will save $178,000 before taxes per year in order processing costs, and you will be able to reduce working capital by $84,000 (this is a one-time reduction). If the tax rate is 21 percent, what is the IRR for this project? (Do not round Intermedlate calculations and enter your answer as a percent rounded to 2 declmal pleces, e.g., 32.16.)

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