MC algo 10-33 Cash Flows And IRR Cirice Corp. is considering opening a branch in another state. The operating cash flow will be $172,360 a year. The project will require new equipment costing $562.000 that would be depreciated on a straight-line basis to zero over the 5-year life of the project. The equipment will have a market value of $157.000 the end of the project. The project requires an initial investment of $36,000 in net working capital, which will be recovered at the end of the project. The tax rate is 25 percent. What is the project's RR! Multiple Choice 18 09 1200 1958