The operating cash flow will be $$154,200$ a year the project will require new equipment costing $$601,000$ that would be depreciated on a straight line basis to zero over the six year life of the project the equipment will have a market value of $$183,000$ at the end of the project the project requires an initial investment for $$42,500$ in networking capital which will be recovered at the end of the project the tax rate is $21\%$ what is the project IRR