Glades Thread Company is evaluating an investment that will cost $760,000 and will yield cash flows of $255,000 in the first year, $360,000 in the second year, and $380,000 in the third and the final year. Use the table below and determine the internal rate of return.

Present value of $1:

The IRR of the project will be ________.

A. between 10% and 11%

B. less than 9%

C. less than 10%, more than 9%

D. more than 11%