the golf range is considering adding an additional driving range to its facility. the range would cost 229,000

The Golt range is considering adding an additionsl diving range to sts facility the range would cost $229,000 would be depreciated on a straight-tine basts pler its seven-year life, and would have a zero salvoge vahe The antipated revenue from the project is $62,500 a year with 518,400 of that amount being vartable cost. The fockd cost would be $15,700. The firm beliewes that it will eam an additional $22500 a year from ris current operabons should the driving range be added the prokect will requitre $3,000 of het working copital, which is recoverable at the end of the project What is the inteinai rate of retum on this project at a tax rate of 21 percent? Mubole Croike 9345 8667 12wy 1475