A. 18.0

B. 14.8

C.9.0

D 14.1

E. 17.1

20) Refer to the Capital Budgetine Narrative. What is the IRR of the project? Capital Budgeting Narrative (Use the following information for questions referring to the narrative.: Izmir Estate is considering a new project. The initial investment required is $87,144.41 and the cost of capital is 9%. Expected cash flows over the next four years are given below: Years Cash Flow ($) 14,000 38,000 28,000 60,000