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A project has the following cash flows. What is the internal rate of return? Year 0 1 2 3 Cash flow -$782,100 $142,000 $348,600 $348,600

A project has the following cash flows. What is the internal rate of return?

Year 0 1 2 3

Cash flow -$782,100 $142,000 $348,600 $348,600

a. 3.20%

b. 5.35%

c. 8.42%

d. 7.78%

e. 9.01%

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