Cirice Corp. is considering opening a branch in another state. The operating cash flow will be $150,400 a year. The project will require new equipment of $177,000 at the end of the project. The project requires an initial investment of $41,000 in net working capital, which we recoved at the end of the project. The tax rate is 40 percent. What is the project's IRR? Multiple Choice 15.99% 16.34% 12.33% 14.01% 14.99% The Bruin's Den Outdoor Gear is considering a new 6-year project to produce a new tent line. The equipment necessary would cost $1.33 million and be depreciated using straight-line depreciation to a book value of zero. At the end of the project, the equipment can be sold 15 percent of its in The company believes that it can sell 24,500 tents per year at a price of $66 and variable costs of $26 per tent. The fixed costs will $415,000 per year. The project will require an initial investment in net working capital of $201,000 that will be recovered at the end of the project. The required return is 10.9 percent and the tax rate is 34 percent. What is the NPV? Multiple Choice $642,663 $1,032,186 $549,708 $736,924 $504,757