Your firm is contemplating the purchase of a new $$425,000$ computer$-$based order entry system. The PVCCATS is $$91,209,$ and the machine will be worth $$30,000$ at the end of the five$-$year life of the system. You will save $$130,000$ before taxes per year in order$-$processing costs and you will be able to reduce working capital by $$60,000($this is a one$-$time reduction$).$ If the tax rate is $35\%,$ what is the IRR for this project? $($Round the final answer to $2$ decimal places.$)$

IRR $\%$