Duke Energy Corp has a project costing $8.5 million. The firm expects the project to generate cash flows of $2 million, $3 million, $4 million, and $5 million over the next four years. Its cost of capital is 16 percent. What is the internal rate of return that Jamaica can earn on this project? (Round the number.)

Group of answer choices

34%

19%

20%

21%

18%