Dog Up! Franks is looking at a new sausage system with an installed cost of $702,000. This cost will be depreciated straight-line to zero over the project's 9-year life, at the end of which the sausage system can be scrapped for $108,000. The sausage system will save the firm $216,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $50,400. If the tax rate is 22 percent and the discount rate is 15 percent, what is the NPV of this project? What is the IRR of the following set of cash flows? Year WN -o Cash Flow -$9,478 4,300 5,600 5,100 A project that provides annual cash flows of $15,400 for 6 years costs $58,281 today. a. If the required return is 10 percent, what is the NPV for this project? b. Determine the IRR for this project. A firm evaluates all of its projects by using the NPV decision rule. Year WN - Cash Flow -$28,000 19,000 14,000 4,000 a. At a required return of 29 percent, what is the NPV for this project? b. At a required return of 36 percent, what is the NPV for this project