Meta Platforms Inc (META) is considering an investment in the metaverse that cost $3609 million. Assume that a required rate of return of 4.95% and the following cash flow schedule:

Year 1: $1914 million

Year 2: $1530 million

Year 3: $1082 million

The metaverse projects internal rate of return (IRR) is closet to

A.

13.59%.

B.

15.59%.

C.

17.59%.

D.

19.59%.