Braun Industries is considering an investment project which has the following cash flows:

YearCash Flow

0-$1,000

1400

2300

3500

4400

The company's cost of funds is 10 percent.What is the project's payback, internal rate of return, and net present value?

A.Payback = 2.4, IRR = 10.00%, NPV = $600.

B.Payback = 2.4, IRR = 21.22%, NPV = $260.

C.Payback = 2.6, IRR = 21.22%, NPV = $300.

D.Payback = 2.6, IRR = 21.22%, NPV = $260.

E.Payback = 2.6, IRR = 24.12%, NPV = $300.