A 10 year investment projects requires an initial investment of $300,000. The returns on this investment are $70,000 at the end of each of the first 4 years and $40,000 at the end of each of the last 6 years. Suppose that the investor has to pay a project related expense of $X at the end of each of the first 4 years in addition to the initial $300,000 investment. What value of X will allow the project to return a 12% IRR? A 1,060 B 2,430 3,030 D 5,640