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Cirice Corporation is considering opening a branch in another state. The operating cash flow will be $194,300 a yeat, The project will require new equipment

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Cirice Corporation is considering opening a branch in another state. The operating cash flow will be $194,300 a yeat, The project will require new equipment costing $604,000 that would be depreciated on a straight-tine basis to zero over the 4 -year lfe of the project. The equipment will have a market value of $185,000 at the end of the project. The project requires an initial investment of $43,000 in net watking capital, which wit be reconered at the end of the project. The tax rate is 22 percent. What is the project's IRR? Multiple Choice a a8n 17,46N 178n. 1437k

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