Triblaze Corp. is considering buying a new truck. The cost of the truck is $62,000 (the only initial investment outlay), and the cash savings the new truck is expected to generate during its life are $18,620, $23,700, and $35,690, respectively. Trailblaze's required rate of return is 9 percent. The net present value (NPV) of the truck is a. $2,589.61 b.$2,375.79 c. $116,137.26 d. $126,589.61 The capital budgeting director of Sparrow Corporation is evaluating a project that costs $280,000, is expected to last for 8 years, and produces after-tax cash flows equal to $50,000 per year. If the firm's required rate of return is 12 percent and its tax rate is 40 percent, what is the project's internal rate of return (IRR)? a. 0.0591 b. 0.0869 C. 0.1071 d. 0.0720