Your firm is contemplating the purchase of a new $772,800 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 $303,600 before taxes per year in order processing costs and you will be able to reduce working capital by $70,270 (this is a one-time reduction). If the tax rate is 30 percent, the IRR for this project is (e.g., 32.16) percent. (Do not include the percent sign (%). Round your answer to 2 decimal places.