Use the following data to answer the next THREE questions: Iris Company is considering a new investment project. The initial investment for the project is $200,000. Iris is trying to estimate the net cashflows after tax for this investment. She has already figured out that the investment will generate an annual after-tax cash inflow of $54,000 from the operation. For tax purposes, the projected salvage value of the investment is $25,500. The government requires depreciating the vehicles using the straight-line method over the investment's life of 8 years. 1. Iris estimates that the maximum value it can sell the investment at the end of 8 years is $38,000. Assuming the tax rate of 30%, what is the net after-tax cashflow Iris will receive from selling the investment at the end of 8 years? O $21,750 $34,250 O $3,750 $38,000 O $26,600 2. Iris estimates that the minimum value it can sell the investment at the end of 8 years is $20,000. Assuming the tax rate of 30%, what is the net after-tax cashflow Iris will receive from selling the investment at the end of 8 years? O $21,650 $27,150 $26,000 O $1,650 $20,000 3. Finally, Iris expects that it will most likely sell the investment with the minimum value at $20,000. Under this assumption, what is the Internal Rate of Return (IRR) for Iris's investment project? (For this question, you should be able to choose the correct