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Find internal rate of return of a project with an initial cost of $43,000, expected net cash inflows of $9,550 per year for 8 years,

Find internal rate of return of a project with an initial cost of $43,000, expected net cash inflows of $9,550 per year for 8 years, and a cost of capital of 11.60%. Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72.

a. 14.30%

b. 12.96%

c. 15.34%

d. 14.90%

e. 17.73%

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