14) Bill plans to open a do-it-yourself dog bathing center in a storefront. The bathing equipment will cost $160,000. Bill expects the after-tax cash inows to be $40,000 annually for seven years, after which he plans to scrap the equipment and retire to the beaches of Jamaica. Assume the required return is 17%. What is the project's IRR? Should it be accepted? A) 12.2%; yes B) 16.3%; yes C) 12.2%; no D) 17.0%; indifferent E) 16.3%; no Answer: E Explanation: A) B) C) D) E)