Iron Works International is considering a project that will produce annual cash flows of $$37,200,$$$45,900,$$$56,600,$ and $$22,100$ over the next four years, respectively. What is the internal rate of return if the project has an initial cost of $$113,800?$

Multiple Choice

$14\mathrm{.}56\%$

$15\mathrm{.}70\%$

$16\mathrm{.}38\%$

$13\mathrm{.}65\%$

$15\mathrm{.}02\%$