Cirice Corporation is considering opening a branch in another state. The operating cash flow will be $$150,400$ a year. The project will require new equipment costing $$592,000$ that would be depreciated on a straight$-$line basis to zero over the $6-$year life of the project. The equipment will have a market value of $$177,000$ at the end of the project. The project requires an initial investment of $$41,000$ in net working capital, which will be recovered at the end of the project. The tax rate is $23$ percent. What is the project's IRR?

Multiple Choice

$12\mathrm{.}33\%$

$17\mathrm{.}06\%$

$15\mathrm{.}99\%$

$15\mathrm{.}67\%$

$14\mathrm{.}74\%$