A project has the cash flows given in the table below. The project has required rate of return of 12.4 percent and Net Present Value (NPV) of -$21,325.57. Calculate the project's internal rate of return (IRR). Year Cash Flow 0 Not Given 1 $246,000 2 $246,000 3 $253,000 4 $253,000 5 $253,000 Group of answer choices

11.45 percent

10.61 percent

16.91 percent

13.48 percent

17.22 percent