Calculate the internal rate of return (IRR) for a project that has the following cash flows? The required return is 15.0%.

Year	Cash Flow
0	$ (45,000)
1	$ 25,000
2	$ 20,000
3	$ 15,000
4	$ 10,000
5	$ 5,000

Group of answer choices

9.0%

14.9%

26.7%

None of these are correct.

15.5%