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Modern Refurbishing Inc. is considering a project that has the following cash flow data. The WACC is 12.00%. Year 0, 1, 2, 3, and 4

Modern Refurbishing Inc. is considering a project that has the following cash flow data. The WACC is 12.00%. Year 0, 1, 2, 3, and 4 cash flows are -$850, $300, $290, $280, and $270, respectively. What is the project's IRR?

13.13%

14.44%

15.89%

17.48%

19.22%

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