\fContinuing with the same project analysis, recall that Organic Farms is considering an investment in a new irrigation system. The firm's cost of capital, appropriate for this project, is 8.00% per year. The incremental free cash flows for the irrigation project are as follows: Year Free Cash Flows -$65,000 20,300 2 20,300 3 20,300 4 20,300 Compute the IRR for the project. Round your answer to the nearest hundredth of a percent. For example, enter 7% as 7.00 or 6.625% as 6.63