SalonInc.is investing $759,600 today on the FaceMask which is expected to last for four years. The FaceMask will produce annual cash flows of $237,600 during each of the next 3 years, and a $274,800 cash flow during the projects final year. The IRR for the FaceMask, based on this information, equals:

(select one)

• 9.89%

• 10.51%

• 12.05%

• 11.12%

• 9.27%