Cindy invests $20,000 in a limited partnership today. At the end of each years 1 through 5, she will receive the after-tax cash flows shown below. The partnership will be liquidated at the end of the fifth year.

Years Cash Flows

0 - $20,000

1 $0

2 $4,000

3 $6,000

4 $8,000

5 $10,000

The IRR on this investment is:

		A.6.01.
		B.7.26.
		C.8.15.
		D.9.24.