Your firm is contemplating the purchase of a new $$635,000$

computer$-$based order entry system. The system will be depreciated

straight$-$line to zero over its $5-$year life. It will be worth

$$113,000$ at the end of that time. You will save $$200,000$ before

taxes per year in order processing costs, and you will be able to

reduce working capital by $$128,000($this is a one$-$time reduction$).$

If the tax rate is $22$ 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$.,32\mathrm{.}16.)$