$1.$ Use the following information to answer Questions $1$ and $3.$

Time: Year $0$ Year $1$ Year $2$ Year $3$ Year $4$ Year $5$ Discount Rate

Investment A: $-$$$1\mathrm{.}2$ million $$300,000$ $$300,000$ $$300,000$ $$500,000$ $$500,0008\%$

Investment B: $-$$$1$ million $$300,000$ $$300,000$ $$300,000$ $$300,000$ $$300,0008\%$

What is the project B$$s IRR?

$16\mathrm{.}00\%$

$15\mathrm{.}61\%$

$15\mathrm{.}24\%$