Bloomfield Tires has assigned a discount rate of 14.4 percent to a new project that has an initial cost of $229,000 and cash flows of $74,300, $128,700, and $89,500 for Years 1 to 3, respectively.

What is the net present value of this project?

A) $1,308.16

B) -$8,344.40

C) -$5,934.79

D) $5,127.10

E) -$4,899.03

what is the IRR of the project

A) 8.76%

B) 10.44%

C) 11.67%

D) 12.89%