A bakery shop is considering expanding its operations. The expansion will require new equipment costing $20,000 that would be depreciated on a straight-line basis to a zero bablance over the four-year life of the project. The project requires $10,000 initially for net working capital, all of which will be recouped at the end of the project. The projected operating cash flow is $10,000 a year. What is the internal rate of return of this project? 29.10%19.15%21.11%25.39% Page 2 of 25 A bakery shop is considering expanding its operations. The expansion will require new equipment costing $20,000 that would be depreciated on a straight-line basis to a zero bablance over the four-year life of the project. The project requires $10,000 initially for net working capital, all of which will be recouped at the end of the project. The projected operating cash flow is $10,000 a year. What is the internal rate of return of this project? 29.10%19.15%21.11%25.39% Page 2 of 25