Bennett Company has a potential new project that is expected to generate annual revenues of $261.200, with variable costs of $143,600, and fixed costs of $61,000. To finance the new project, the company will need to issue new debt that will have an annual interest expense of $24,000. The annual depreciation is $25,000 and the tax rate is 21 percent. What is the annual operating cash flow? Multiple Choice $81,600 $42.600 $178696 $127.800 $49,064 Cirice Corporation is considering opening a branch in another state. The operating cash flow will be 5154,200 a year. The project will require new equipment costing $601,000 that would be depreciated on a straight-line basis to zero over the 5-year life of the project. The equipment will have a market value of $183,000 at the end of the project. The project requires an initial investment of $42,500 in net working capital, which will be recovered at the end of the project. The tax rate is 21 percent. What is the project's IRR? Multiple Choice 16.28% 16.08% 14.33% 16725 17