Cirlce Corporation is considering opening a branch in another state. The operating cash flow will be $151,600 a year. The project will require new equlpment costing $565,000 that would be depreclated on a stralght-line basis to zero over the 6-year life of the project. The equlpment will have a market value of $159,000 at the end of the project. The project requires an Inltial Investment of $36,500 in net working capltal, which will be recovered at the end of the project. The tax rate is 21 percent. What is the project's IRR? Multiple Cnolce 15.79% 17.34% 19.04% 17.918 14.278