A company is appraising a proposed investment project.

Using a cost of capital of 16%, it determined that the project has a positive net present value of 50,000.

Using a cost of capital of 21%, it determined that the project has a negative net present value of -25,000.

What is the internal rate of return of the proposed project?

Group of answer choices

17.9%

16.8%

18.5%

19.3%