The Seattle Corp. is considering a new project. The firm has already paid $20,000 consulting fee for the feasibility analysis of the project. The project costs $210,000 to purchase buildings and equipment, $10,000 for shipping fee, and $10,000 for installation fee. Compute the depreciation basis of the project.

		$260,000
		$250,000
		$240,000
		$230,000

A firm is considering an investment project with the following cash flows: Year 0 = -$110,000 (initial costs); Year 1= $40,000; Year 2 =$90,000; and Year 3 = $30,000; and Year 4 = $60,000. The company has a 10% cost of capital, calculate the IRR for the project.

		25.9%
		29.8%
		34.6%
		40.7%