A firm is considering investing in a 25-year capital budgeting project with a net investment of $14 million. The project is expected to generate annual net cash flows each year of 2 million and a terminal value at the end of the project of $1 million. The firm's cost of capital is 14 percent and marginal tax rate is 40%. What is the internal rate of return of this investment? 14.91% 13.84% 16.35% 13.71% 13.76%