14. Project Evaluation [LO1]Your fi rm is contemplating the purchase of a new $425,000 computer-based order entry system. The system will be depreciated straight-line to zero over its fi ve-year life. It will be worth $30,000 at the end of that time. You will save $130,000 before taxes per year in order processing costs, and you will be able to reduce working capital by $60,000 (this is a one-time reduction). If the tax rate is 35 percent, what is the IRR for this project?"

*please do not use the computer/exell to answer this question. that does not help me to find the answer I need for my class*