Ford Motor Company is considering producing a new extremely limited-edition version of the Edsel (why, we have no ideal). The initial costs associated with retooling a manufacturing plant, redesign, initial marketing, raw materials and other costs would be $8 million at time zero The project is expected to generate ONLY ONE positive cash flow of $20 million. Given the complexity of the project, the cars will not be ready until 5 years from now. Ford estimates that shareholders will require to earn 16% on investments such as this. What comes closest to the IRR on this project? 10.49% 19.89% 20.11% 3.49% 15.00%