A company is considering expansion into a new market. This will cost $1,500,000. The company estimates this project will have a beta of 1.1 . The Rm=10% and the Rf =3%. The Wd is 50% and the cost of equity is 4% and the cost of debt is 5%. The tax rate is 40%. It will generate the following cash flows: Year 1: $400,000 Year 2: $400,000 Year 3: $500,000 Year 4: $250,000 Year 5: $300,000 How many IRRs are there? 0 1 2 3