- initial investment in equipment $90,000 Increase of $10,000 in working capital at start. Will be recaptured when project ends Expect to produce $180,000 in sales revenues every year for the next 3 years Variable cost will be 60% of revenues Will depreciate in a straight line over the 3 years of the projects life End of year 3 the equipment will be worthless Corporate take rate is 21% Cost of capital is 12% What is the net operating cash flow for year 1? What is the net cash flow from the project in year 3? What is the MIRR for the project ? Should she firm invest in this project based off the MIRR