Apache Company is considering investing in a new project. The project will need an initial investment of $3,200,000 and will generate $1,600,000 (after-tax) cash flows for three years. Calculate the IRR for the project (%) 23.4 20.2 18.6 14.5 Given the following cash flows for Project M: Co = -1,500, C1 = +400, C2 = +900, C3 = +700, calculate the IRR for the project. 19.32 14.58 23.46 20.00