BD Corporation is contemplating the purchase of a new $500,000 laser cutter to help with the production of its flat screen TV displays. The laser cutter will be depreciated straight-line over its five-year useful life. BD Corporation will want to upgrade the laser cutter after three years to a more technologically advanced model. At the end of the third year, it is estimated that it can be sold for $250,000. The new laser cutter will generate $300,000 per year in Sales, $75,000 in Variable Costs and $50,000 in Fixed Costs. The laser cutter will require a $25,000 investment in Net Working Capital (NWC). The tax rate is 35 percent. What is the Internal Rate of Return (IRR) of this project? Should we accept/reject this project if we can borrow money from Bank of America at 15%? O 13.4406% / Accept 13.4406% / Reject O 14.5630% / Accept O 15.9022% / Accept