Question $4$

You are given the following information about a particular project:

At an interest rate of $16\%,$ the project has an NPV of R$41890,$ and at an interest rate of $10\%,$ the same Project has an NPV of R$70490.$ What would be the IRR of the project? $($select the closest answer$).$

$13\mathrm{.}78$

$27\mathrm{.}78$

$33\mathrm{.}43$

$24\mathrm{.}80$

None of the above