Compute the IRR for the following project cash flows: a. An initial outlay of $4,005,350 followed by annual cash flows of $696,990 for the next eight years. (Round final answer to 2 decimal places, e.g. 15.25%.) IRR of the project is %. b. An initial investment of $38,173 followed by annual cash flows of $10,070 for the next five years. (Round final answer to 2 decimal places, e.g. 15.25%.) IRR of the project is % C. An initial outlay of $11,919 followed by annual cash flows of $2,980 for the next seven years. (Round final answer to 2 decimal places, e.g. 15.25%.) IRR of the project is %