ABC Inc. is considering investing in in one or both projects Gamma and Sigma. The net cash flows for both projects are shown below:

YEAR	EXPECTED NET CASH FLOW
	GAMMA	SIGMA
0	-$100	-$100
1	10	70
2	60	50
3	80	20

The cost of capital based on the assessments of the projects is 10% for both.

The Internal rate of return (IRR) for project Sigma is

	A.	18.3%
	B.	23.6%
	C.	28.4%
	D.	32.9%
	E.	27.6%