Given the data in the following table, the IRR of this project is \% - NOTE: The table below applies to questions 32 to 36 fit is included on each of these questions). ASC, Inc. is considering the production of a new line of soft drinks at its Springfleld, it. plant. The CFO of ASC, Inc. is provided with the following information on the new profect i The expansion will require the immediate purchase of new machinery for $29,000,000. > The firm has spent $1,000,000 to train workers to use the new machinery. The incremental sales from this project are expected to be $19,500,000 per year. The incremental operating expenses (excluding depreciation) are expected to equai $11,300,000 per year. > The company uses straight-line depreciation. The project has an econornic lifo of 10 years. The machinery has a salvage value of $1,000,000 and will be sold for that amount at the conclusion of the project. > The company will increase net working capital by $1,200,000 at the beginning of the project, and it will be liquidated at the end of the projoct. > ASC inc.'s marginal tax rate is 40%. - ASC line.'s welghted average cost of capita (WACC) is 10%