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Lakeside Winery is considering expanding its wine-making operations. The four year expansion project will require new equipment costing $649,000. The after tax cash flow from

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Lakeside Winery is considering expanding its wine-making operations. The four year expansion project will require new equipment costing $649,000. The after tax cash flow from the sale of the asset will be $121,550. The project requires $38,000 initially for net working capital. The projected OCF for all four years is $198,500 each year. The relevant discount rate is 14 percent and the tax rate is 35 percent. What is the IRR of this project? A O 13.08% O 7.9% O 14.09% O 10.43% cious

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