Global Water Treatment, Incorporated is analyzing a proposed investment that would initially

require $$750,000$ of new equipment. This equipment would be depreciated on a straight$-$line

basis to a zero balance over the four$-$year life of the project. The estimated salvage value is

$$150,000.$ The project requires $$50,000$ initially for net working capital, all of which will be

recouped at the end of the project. The projected operating cash flow is $$265,000$ a year.

What is the internal rate of return on this project if the relevant tax rate is $21$ percent? Show

how to do it on the BA II plus