Zachary Manufacturing Company has an opportunity to purchase some technologically advanced equipment that will reduce the company$$s cash outflow for operating expenses by $$1,278,000$ per year. The cost of the equipment is $$8,201,766\mathrm{.}92.$ Zachary expects it to have a $10-$year useful life and a zero salvage value. The company has established an investment opportunity hurdle rate of $15$ percent and uses the straight$-$line method for depreciation. $($PV of $$1$ and PVA of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

Required

Calculate the internal rate of return of the investment opportunity. $($Do not round intermediate calculations.$)$