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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 $ 1 2 ,

OpenDoor Cafe is considering opening a new food court in a major US city. The initial investment is expected to be $12,550,000. The projected cash flows are $4,955,000 in years one and two, $2,185,000 in year three, $2,715,000 in year four, and $3,040,000 on year five.
What is this project's internal rate of return?
Group of answer choices
6.70%
17.26%
11.28%
15.02%

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