A firm is considering a 11-year project that is expected to generate annual cash flows of $14,000 during the life of the project. The project requires an initial investment of $89,852.58 and the cost of capital is 9.14%. What is the IRR of the project? \begin{tabular}{|l|} \hline 10.26% \\ \hline 10.67% \\ \hline 9.95% \\ \hline 9.85% \\ \hline 10.77% \\ \hline \end{tabular} Consider three mutuolly exclusive projects: Project A, Project B and Project C. The IRR of these projects are given as: Which of the following is correct? only Project C will be chosen. all three projects will be chosen. both Project A and B will be chosen. no decision can be made. all three projects will be rejected