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Cirice Corp. Is considering opening a branch in another state. The operating cash flow will be $181,400 a year. The project will require new equipment

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Cirice Corp. Is considering opening a branch in another state. The operating cash flow will be $181,400 a year. The project will require new equipment costing $568,000 that would be depreciated on a straight-line basis to zero over the 4-year life of the project. The equlpment will have a market value of $161,000 at the end of the project. The project requires an Initlal Investment of $37000 In net working capital, which will be recovered at the end of the project. The tax rate Is 34 percent. What is the project's IRR? Mutiple Choke 14.61% 15.86% 12.98% 1767% 965%

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