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A project is projected to cost $2,000,000 to undertake. It will generate positive cash inflows as follows: Year 1 - $400,000; Year 2-500,000; Year 3

A project is projected to cost $2,000,000 to undertake. It will generate positive cash inflows as follows: Year 1 - $400,000; Year 2-500,000; Year 3 - $650,000; Year 4 - 700,000; Year 5-800,000. What is the project's IRR? Select one: a. 114% b. 12.9% C. 13.2% d. 14.9% e. 14%

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