Question 22 1 pts Heritage Corporation is trying to decide whether to invest in equipment to manufacture a new product. If the investment project is accepted, sales revenue will increase by $65,000 per year and materials costs will decrease by $16,000 per year. The equipment will cost $140,000 and is depreciable over 10 years using simplified straight line. The firm has a marginal tax rate of 34%. Calculate the firm's annual cash flows resulting from the new project. O $35,000 O $58,220 $37.100 $32,340 $23,100 Question 21 1 pts Your firm has estimated the following cash flows for a capital investment project. The firm's required rate of return is 10%. What is the project's IRR? Cash Flow -$410,000 at time o 120,000 at year 1 120,000 at year 2 110,000 at year 3 110,000 at year 4 90.000 at year 5 60.000 at year 6 O 16,7% 15.1% 6.9% 18.996 14.1%