3. (0.5 point) A manufacturer of soft drinks wants to increase production at a facility. Their discount rate is 10.35% p.a. The five-year project will require an initial investment of $250,000. The expected end-of-year cash flows are: Year 1: 42,000 Year 2: 59,000 Year 3: 79,000 Year 4: 90,000 Year 5: 98,000 The IRR is %. a. 11.124 b. 13.962 c. 15.251 d. 17.127 e. None of the above