Bonbelo, Inc. is considering a project with the following net cash flows: Year 0 1 2 3 4 Annual Net Cash Flow ($2,200,000) $350,000 $350,000 $350,000 $375,000 $375,000 $375,000 $400,000 $400,000 $400,000 5 6 7 8 9 Bonbelo's weighted average cost of capital is 8.35%. What is the IRR of this project? 011 10.38% 21 11.60% 38.35% 04 9.25%