Kelly's Tax Services prepares tax returns for individuals and small business. The firm employs four tax professionals. Currently, all tax returns are prepared on a manual basis. The firm's owner, Kelly Kipa, is considering purchasing a computer system that would allow the firm to serve all its existing clients with only three employees. To evaluate the feasibility of the computerized system, Kipa has gathered the following information: Initial cost of hardware and software Expected salvage value in ten years Annual depreciation Incremental annual operating costs Incremental annual labor cost savings Expected life of the computer system Tax rate $139,998 SO $13,999.80 $18,034 $47,000 10 years 30% Kipa has determined that she will invest in the computer system if its pre-tax IRR is more than 12 percent. Calculate the pre-tax IRR of this project. (Ctrl)