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 $15 M upon contract signing

Year 1: receive $12 M

Year 2: disbursement of $50 M

Year 3: disbursement of $50 M

Year 4: receive $20 M

Year 5: receive $70 M, project complete

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

		17.29% and 53.47%
		17.29% and 56.51%
		17.29% and 49.17%
		17.29% and 62.94%
		17.29% and 45.72%