Jamaica Corp. is adding a new assembly line at a cost of $8.5 million. The firm expects the project to generate cash flows of $2 million, $3 million, $4 million, and $5 million over the next four years. Its cost of capital is 16 percent. What is the internal rate of return (IRR) that Jamaica can earn on this project and should the project be accepted? (Round to the nearest percent)?

A. 18 percent, yes because IRR > r

B. 18 percent, no because IRR > r

C. 20 percent, yes because IRR > r

D. 22 percent, yes because IRR > r