Duff Beer is considering the purchase of a new blimp to lure Homer into Moes Tavern more often. Cash flows associated with the purchase are presented below. Determine the IRR.

Year | Cash Flow

0 | $(2,000)

1 | $1,000

2 | $750

3. | $500

4. | $250

5. | $0

6. |-$250

Group of answer choices

A) 4.30%

B) 6.23%

C) 9.47%

D) 7.73%