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A project has annual cash flows of $8,000 for the next 10 years and then $12,000 each year for the following 10 years. The IRR

A project has annual cash flows of $8,000 for the next 10 years and then $12,000 each year for the following 10 years. The IRR of the 20-year project is 11.00%. If the firms WACC is 10%, what is the projects net present value (NPV)? Show work.

a. $6,788.44

b. $5,584.49

c. $5,977.45

d. $7,905,50

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