Beam Cable Company is considering investing $450,000 in telecommunications equipment that has an estimated life of four years with no residual value. The cash inflows are as shown below: Year 1 AWN $120,000 235,000 140,000 98,000 The present value of $1: 10% 11% 1 0.909 0.901 2 0.826 0.812 0.751 0.731 4 0.683 0.659 5 0.621 0.593 12% 0.893 0.797 0.712 0.636 0.567 13% 0.885 0.783 0.693 0.613 0.543 14% 0.877 0.769 0.675 0.592 0.519 The IRR of the project would be O A. less than 10% O B. between 9% and 10% O C. more than 13% OD. between 12% and 13%