1) Fast Distribution, Inc. has a project that has the following cash flows. What is the internal rate of return?

Year Cash Flow

0 -$12,500

1 2,750

2 3,100

3 3,333

4 5,250

Group of answer choices

a) 5.92 percent

b) 5.43 percent

c) 4.97 percent

d) 5.50 percent

e) 5.57 percent