Glossimer Thread Company is evaluating an investment that will cost $720,000 and will yield cash inflows of $230,000 in the first year, $325,000 in the second year, and $360,000 in the third and the final year. Use the table below and determine the internal rate of return. Present value of $1: 8% 9% 10% 11% 12% 1 0.926 0.917 0.909 0.901 0.893 2 0.857 0.842 0.826 0.812 0.797 3 0.794 0.772 0.751 0.731 0.712 4 0.735 0.708 0.683 0.659 0.636 5 0.681 0.650 0.621 0.593 0.567 The IRR of the project will be O A. more than 12% B. less than 10% C. less than 11%, more than 10% D. between 11% and 12%