Chronic Pain Clinic has estimated the following cash flows associated with a new project. The project cost of capital (discount rate) is 10 percent. Year 0: ($800,000) Year 1: $400,000 Year 2: $400,000 Year 3: $400,000 What is the projects internal rate of return?

(A) 19.9 percent

(B) 18.5 percent

(C) 23.4 percent

(D) 21.8 percent

(E) 20.4 percent