DYI Construction Co. is considering a new inventory system that will cost $750,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $150,000 in year three, and $180,000 in year four. DYI's required rate of return (or cost of capital) is 8%. What is the internal rate of return (IRR) of this project? (refer to the previous question) 6.45% 11.57% 7.56% 15.13%