Hello,

I need help answering this question below.

1. value: 1.00 points Problem 8-6 Project Evaluation Your firm is contemplating the purchase of a new $555,000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth S5S:000 at the end of that time You will save S285,000 before taxes per year in order processing costs, and you will be able to reduce working capital by S70 000 (this is a one-time reduction). If the tax rate is 36 percent. what is the IRR for this project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) IRR