A project with an initial cost of $72,400 is expected to generate annual cash flows of $15,920 for the next 8 years. What is the project's internal rate of return?

Burke's Corner currently sells blue jeans and T-shirts. Management is considering adding fleece tops to its inventory to provide a cooler weather option. The tops would sell for $53 each with expected sales of 4,300 tops annually. By adding the fleece tops, management feels the firm will sell an additional 285 pairs of jeans at $65 a pair and 420 fewer T-shirts at $26 each. The variable cost per unit is $36 on the jeans, $16 on the T-shirts, and $31 on the fleece tops. With the new item, the depreciation expense is $33,000 a year and the fixed costs are $76,000 annually. The tax rate is 35 percent. What is the project's operating cash flow?

Jasper Metals is considering installing a new molding machine which is expected to produce operating cash flows of $59,000 per year for 7 years. At the beginning of the project, inventory will decrease by $19,200, accounts receivables will increase by $22,600, and accounts payable will increase by $16,200. At the end of the project, net working capital will return to the level it was prior to undertaking the new project. The initial cost of the molding machine is $261,000. The equipment will be depreciated straight-line to a zero book value over the life of the project. The equipment will be salvaged at the end of the project creating an aftertax cash flow of $56,000. What is the net present value of this project given a required return of 10.4 percent?