Cliff's Canister Corp. (CCC) makes industrial canisters for the petro-chemical industry and is considering building a new plant. CCC has existing land for the plant that they paid $120,000 three years ago, but believe they believe they can only sell for $100,000 today. The new plant will require investing $400,000 in new equipment. The equipment will be depreciated to zero over the 4-year life of the project and the equipment will have a salvage value of $100,000 at the end of the project. Additionally, the new plant will require an additional investment in inventory of $20,000. CCC just finished a $40,000 environmental impact study for the proposed factory. If they build the new factory, CCC believes it can sell 1,000 new canisters every year over the 4 year life of the project. The canisters have a sales price of $200 each and a variable cost of $60 each. CCC'S cost of capital (discount rate) is 15% and their tax rate is 30%. What is the IRR of the project? Select one: O a.-4.02% b. 0.00% O C.560% d. 11.42% e. None of the above