The Golf Range is considering adding an additional driving range to its facility. The range would cost $229,000, would be depreciated on a straight-line basis over its seven-year life, and would have a zero salvage value. The anticipated revenue from the project is $62,500 a year with 518.400 of that amount being variable cost. The fixed cost would be $15,700. The firm believes that it will earn additional revenue of $22,500 a year from its current operations should the driving range be added. The project will require $3,000 of net working capital, which is recoverable at the end of the project What is the internal rate of return on this project at a tax rate of 24 percent? 12105 8.32 12.71% O 8.18% 9.49%