P10-14 Project Evaluation [LO1] 6 2. Your firm is contemplating the purchase of a new $1,646,400 computer-based order entry system. The system will be depreciated straight-line to zero over its 5-year life. It will be worth $147,000 at the end of that time. You will save $646,800 before taxes per year in order processing costs and you will be able to reduce working capital by $145,074 (this is a one-time reduction). points References Required: If the tax rate is 35 percent, what is the IRR for this project? (Do not round your intermediate calculations.) Multiple Choice 21.32% 22.45% 17.74% 23.57% 21.55%