A projects costs $21,000 will be depreciated straight-line to zero over its 3 year life, and will require a net working capital investment of $5,000 up front. The project generates operating income $13,000. The asset will be sold for $2,000 at this end of the project. If the firm has a tax rate of 34% and a required return of 10% and an NPV of 6,004.
What is the IRR of the above project?