Jordan Corporation is considering a new product that will be very popular fot a couple of years and then slowly lose its commercial appeal Sales are projected to be $90,000 in year one, $100,000 in year two $60,000 in year three $10,000 in year four $20,000 in year five, and $10,000 in the final year six. Expenses are expected to be 40% of sales with net working capital requirements to be 15% of the following time period's revenue Equipment of $126,000 will be required for the launch of the product this equipment can be depreciated straight line over six years and will be worthless at the end of the project. The Tax Rate is 20% and the opportunity cost of capital is 14.5% What is the internal Rate of Return frounded to two places)? Multiple Choice 1832 3261 1339 1940