Candela Cable Company is considering investing $450,000 in telecommunications equipment that has residual value. The cash flows are as shown below: an estimated life of five years with no Year 1 $120,000 2 235,000 3 140,000 98,000 The present value of $1: 10% 11% 12% 13% 14% 1 0.909 0.901 0.893 0.885 0.877 2 0.826 0.812 0.797 0.783 0.769 3 0.751 0.731 0.712 0.693 0.675 A APA O A. less than 10 % O B. between 9% and 10% O C. more than 13% O D. between 12 % and 13% 2 235,000 3 140,000 4 98,000 The present value of $1: 10% 11% 12% 13% 14% 1 0.909 0.901 0.893 0.885 0.877 2 0.826 0.812 0.797 0.783 0.769 3 0.751 0.731 0.712 0.693 0.675 0.683 0.659 0.636 0.613 0.592 0.621 0.593 0.567 0.543 0.519 The IRR of the project would be O A. less than 10% B. between 9% and 10 % C. more than 13 % O D. between 12 % and 13 % 4L5 m