Assume that in questions $1,2,$ and $3$ you calculated the following cash flows for ABC Corp $($Note that these are not the answers to questions $1-3)$:

$01234567$

OCF $ $16,050\mathrm{.}00$ $ $19,872\mathrm{.}71$ $ $18,526\mathrm{.}53$ $ $18,295\mathrm{.}82$ $ $19,719\mathrm{.}40$ $ $19,976\mathrm{.}11$ $ $20,276\mathrm{.}83$

Change in NWC $ $(900\mathrm{.}00)$ $ $(27\mathrm{.}00)$ $ $(27\mathrm{.}81)$ $ $(28\mathrm{.}64)$ $ $(29\mathrm{.}50)$ $ $(30\mathrm{.}39)$ $ $(31\mathrm{.}30)$ $ $1,074\mathrm{.}65$

Cap Ex $$(100,000\mathrm{.}00)$ $ $7,500\mathrm{.}00$

What is t

he IRR of the project?

Group of answer choices

$-3\mathrm{.}12\%$

$8\mathrm{.}50\%$

$12\mathrm{.}61\%$

$13\mathrm{.}53\%$