Industrial Industries is considering opening a new 5 year project. The project will require investments in property, plant, and equipment totalling $75 million and an initial investment in net working capital of $20 million. The operating cash flows are expected to be $15 million the first year and are expected to increase by $5 million in each of the four remaining years. At the end of the project, the y will recover the net working capital, and they expect to sell their equipment, producing an after tax cash flow of $15 million. Based on the riskiness of the project, they require a return of 17.5%. What is the IRR of this project? 16.01% 14.92% 16.32% 15.54% 14.30%