Consider the following two mutually exclusive projects:

Year Cash Flow $($X$)$ Cash Flow $($Y$)$

$0$$ $20,600$$ $20,600$

$19,00010,400$

$29,4007,950$

$38,9508,850$

Calculate the IRR for each project. $($Do not round intermediate calculations and enter your answers as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$