Calculate IRR. Cost $780,000, use straight line depreciation for 5 years. Sell for $45,000 at end of project. You will save $310,000 per year before taxes because of this project. You will save $55,000 or working capital at the start of the project, but need to give it back at the end of the project. Tax Rate is 35%. Project life 5 years.

Select one:

A)21.92

B)22.83

C)25.42

D)35