Project LNM is a 12-year life project with a 10% annual traditional weighted average cost of capital. LNM's initial cash outflow (CFO) is $2,000,000. Its traditional net cash inflows equal $305,000 per year (CF1 to CF12 equal $305,000 per year), and its traditional net income after taxes equal $230,000 per year (NIAT 1 to NIAT 12 equal $230,000 per year) Project LNMs Internal Rate of Return is: a. 5.396 O b. 2.6% OC 27.9% O d. 10.8%