Chronic Pain Clinic has estimated the following cash flows associated with a new project. The project cost of capital is 10 percent.

Year	Expected Net Cash Flow
0	($800,000)
1	400,000
2	400,000
3	400,000

What is the projects IRR?

A	18.5 percent

B	19.9 percent

C	20.4 percent

D	21.8 percent

E	23.4 percent