cirice corporation is considering opening a branch in another state. the operating cash flow will be $$187,600$ a year. the project will require new equipment costing $$613,000$ 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 $$191,000$ at the end of the project. the project requires an initial investment of $$44,500$ in net working capital, which will be recovered at the end of the project. the tax rate is $25$ percent. what is the project's irr?