Quick Check IRR . Stomberg Corporation has provided the following data concerning an investment project that it is considering: " Initial investment $550,000 setup . Annual cash flow $180,000 annuity . Salvage value at the end of the project $14,000 one-off . The life of the project is 4 years. The company's discount rate is 10%. The internal rate of return for the project is closest to: a) 12.5% b) 10.5% Advice: try it in Excel! C) 8.5% d) 6.5% 20