Marshall-Miller & Company is considering the purchase of a new machine for $50.000, installed. The machine has a tax life of 5 years. Under the new tax law, the machine is eligible for 100% bonus depreciation, so it will be fully depreciated at t= 0. The fim expects to operate the machine for 4 years and then to sell it for 521,500. If the marginal tax rate is 25%, what will the after-tax salvage value be when the machine is sold at the end of Year 4? O $12,551 $12,877 O $12,225 $16,125 O $14,833 Warr Company is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC or negative, in both cases it will be rejected. 1 Year Cash flows 0 -$1,415 2 $400 3 $400 4 $400 $400 O 3.98% O 5.00 5.10% O 5.61% 6.33%