10 234 The Golf Range is considering adding an additional driving range to its facility. The range would cost $229,000, would be depreciated on a straight-line basis over its seven-year life, and would have a zero salvage value. The anticipated revenue from the project is $62,500 a year with $18.400 of that amount being variable cost. The fixed cost would be $15,700. The firm believes that it will eam an additional $22.500 a year from its current operations should the driving range be added. The project will require $3,000 of net working capital, which is recoverable at the end of the project. What is the internal rate of retum on this project at a tax rate of 21 percent? look O Multiple Choice 9.84% 8.68% 1234