The capital budgeting director of Uptown Construction Inc. is evaluating a project which costs $250,000, is expected to last for 10 years and produce after-tax cash flows of $48,503 per year. If the firm's cost of capital is 14 percent and its tax rate is 40 percent, what is the project's IRR? Round it to one decimal place in percentage, e.g., 15.4 (for 15.4%).