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OpenDoor Cafe is considering opening a new food court in a major US city. The initial investment is expected to be $11,250,000. The projected cash

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OpenDoor Cafe is considering opening a new food court in a major US city. The initial investment is expected to be $11,250,000. The projected cash flows are $4,250,000 in years one and two, $3,285,000 in year three, $2,535,000 in year four, and $2,685,000 on year five. What is this project's internal rate of return? \begin{tabular}{l} \hline 17.50% \\ \hline 11.25% \\ \hline 8.96% \\ \hline 21.50% \end{tabular}

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