Your Company Is Considering A

Your company is considering a capital investment of $334.391 million. The project will generate equal annual after-tax operating cash flows of $52.48 million for 8 years. At the end of its life, the project will be sold for $55 million, but the project’s
adjusted tax basis at termination will be $39 million. The project will require $23 million in additonal net working capital. With a 26% marginal tax rate, what is the project’s IRR? (Percent with 1decimal)Finance