A firm is considering purchasing an automated computer system to handle its back-office operations. The following data has been collected. - Cost of the system: $109,000 - Project life: 6 years - Salvage value at the end of year 6: $25,000 - Depreciation method: five-year MACRS - Tax rate: 21% - Annual cost savings from the system: $121,000 - Annual expenses (not including depreciation): $92,000 The firm will borrow the entire $109,000 at 8.6% interest to be repaid in 2 annual payments. The firm's MARR is 18%. Determine the IRR for this new system. Enter your answer as a percentage rounded to the nearest tenth of a percent