QUESTION $24$

An investment project has an initial cost, and then generates inflows of $$50$ a year for the next five years. The project has a payback period of $3\mathrm{.}6$ years. What is the project's IRR?

a$.$

$($c$)13\mathrm{.}47\%$

b$.$

$(D)14\mathrm{.}66$

$12\mathrm{.}05\%$

$($E$)15\mathrm{.}98$