Deep Waters, Inc. is using the internal rate of return (IRR) when evaluating projects. Find the IRR for the company’s project. The initial outlay for the project is $458,700. The project will produce the following after-tax cash inflows of
Year 1: 138,000
Year 2: 189,600
Year 3: 130,000
Year 4: 192,700
Round the answer to two decimal places in percentage form