Iron Works International is considering a project that will produce annual cash flows of $$38,300,$$$47,000,$$$57,700,$ and $$23,200$ over the next four years, respectively. What is the internal rate of return if the project has an initial cost of $$112,700?$

Multiple Choice

$16\mathrm{.}76\%$

$17\mathrm{.}52\%$

$18\mathrm{.}28\%$

$15\mathrm{.}23\%$

$16\mathrm{.}25\%$

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