Question 20 4 pts Ocean Manufacturing Corporation is considering a new 7-year project. The details are: Machine Cost $1,200,000 Annual end-of-year cash flows will be $285,000 annually (Yes, it is a 7-year annuity) Tax rate is 25% . The firm's cost of capital, Isis 14.0 percent. At 14.0 percent the project's NPV is $22.167 What is the project's Internal Rate of Return (IRR)? 11.79 17.096 13.3% 15.9% 14.6% 4 pts - Question 21 Your Aunt Molly has found a $1.000 par, 11.5% annual coupon bond that matures in 15 years which is currently selling for 16 US 0+ + 8 7 $ ESC % 5 6 @ 4 U 1 3