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 projoct. 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? Muitiple Choice 15,99x 15.67% 14.74% 1233% 1706%