The Merriweather Printing Company is trying to decide on the merits of constructing a new publishing facility. The project is expected to provide a series of positive cash flows for each of the next four years. The estimated cash flows associated with this project are as? follows: Year; Project Cash Flow 0; ? 1;770,000 2;360,000 3;280,000 4;480,000. If you know that the project has a regular payback of 2.3 ?years, what is the? project's IRR? The IRR of the project is ?%. ?(Round to two decimal? places.)