A firm with a 9.5 percent cost of capital is considering a project for this year's capital budget. The project's expected after-tax cash flows are as follows: Year: Cash flow: 0 -$8,000 1 $3,000 2 $3,900 3 $3,500 4 $2,800 Calculate the project's internal rate of return (IRR). O a. 65.00% O b. 23.83% O C. 30.98% O d.32.57% O e. 13.34%