Blue Llama Mining Company is evaluating a proposed capital budgeting project $($project Sigma$)$ that will require an initial investment of $$850,000.$ Blue Llama Mining Company has been basing capital budgeting decisions on a project$$s NPV; however, its new CFO wants to start using the IRR method for capital budgeting decisions. The CFO says that the IRR is a better method because returns in percentage form are easier to understand and compare to required returns. Blue Llama Mining Company$$s WACC is $8\%,$ and project Sigma has the same risk as the firm$$s average project. The project is expected to generate the following net cash flows: Year Cash Flow Year $1$ $$275,000$ Year $2$ $$400,000$ Year $3$ $$450,000$ Year $4$ $$425,000$ Which of the following is the correct calculation of project Sigma$$s IRR? $30\mathrm{.}88\%26\mathrm{.}85\%25\mathrm{.}51\%24\mathrm{.}17\%$