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The Golf Club is considering adding a driving range to its facility. The range would cost $67,000, would be depreciated on a straight-line basis over

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The Golf Club is considering adding a driving range to its facility. The range would cost $67,000, would be depreciated on a straight-line basis over its three-year life, and would have a zero salvage value. The anticipated revenue from this project is $62,500 a year with $18,000 of that amount being variable costs. The fixed cost would be $15,000. The project requires $2,000 of net working capital, which is recoverable at the end of the project. If the tax rate is 34 percent, find the internal rate of return on this project. O 11.13% O 7.45% 8.16% 9.27% 9.84%

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