Consider the project described in the table below. What is the project's internal rate of return?

Cost of Capital Rate	12%
Time	0	1	2	3	4
Cash Flows	($1,400)	$200	$500	$800	$1,000

Select one:

a.

22.62%

b.

21.75%

c.

21.31%

d.

22.18%