Jewel Osco is considering a small expansion of its flower & garden section at its northwest Chicago store. If it spends $6,250 to move its nursery out of the parking lot and into a small Florida room, Jewel managers believe it will improve profits to the store. Managers consider this a five year project and calculated cash flows as follows. What is the project's IRR? Note that a project's projected IRR can be less than the WACC (and even negative), in which case it will be rejected.

Year	0	1	2	3	4	5
Cash flows	-$6,250	$2,000	$2,025	$2,050	$2,075	$2,100

Group of answer choices

18.18%

23.11%

17.62%

18.94%

14.40%