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 intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)