20) A project has the following cash flows for years zero through 3, respectively:-$2,500, s900, $1,300, $850. Is 7.00% the IRR for this project? A) Yes, the IRR is 700% B) No, the IRR is below 7.00%. No, the IRR is above 7.00%. D) There is not enough information provided to answer this question. 21) Low Country Corporation purchased a machine for $100,000, including installation costs. Annual straight-line depreciation is $10,000. If Low Country has a tax rate of 40%, what is the cash flow from salvage or disposal if the machine is sold at the end of seven years for $20,000? A) $32,000 B) $20,250 $16,000 D) $24,000 22) A firm is considering purchasing an asset with a useful life of 5 years, an initial cost of S8 million, installation costs of $700,000 and a salvage or residual value of $2.5 million. What would be the D) $1.60 million annual straight-line depreciation for this asset? B) $1.1 million A) $1.74 million C$1.24 million