A particular investment requires an initial cash outflow of $110,000. The investment is expected to produce net cash flows of $20,000, $25,000, $30,000, $38,000, and $50,000 in years one, two, three, four, and five, respectively. To the nearest tenth of a percent, the internal rate of return on this investment is

		A) 48.2%
		B) 12.5%
		C) 67.5%
		D) No IRR exists for these cash flows