Due to the heavy demand for the LNG (Liquefied Natural Gas) tankers, the Hyunda Shipyard has received a contract from DET Inc., a European LNG transportation company, for building two 100,000 M³ tankers. Hyundas cash flow throughout the 5 years contract period are summarized as follows:

Year 0: receive $12 M upon contract signing

Year 1: receive $12 M

Year 2: disbursement of $40 M

Year 3: disbursement of $40 M

Year 4: receive $20 M

Year 5: receive $40 M, project complete

Find out all the positive IRR rates for this non-simple cash flow.

		5.74% and 49.17%
		5.74% and 58.51%
		5.74% and 63.47%
		5.74% and 45.72%
		5.74% and 52.94%