Sharpe Industries produces steak knives for the finest dining parlors in the world. They plan to spend $11,000 to redesign the logo on the knife which will generate incremental free cash flows as follows:

FCF Year 1	$4000
FCF Year 2	$4000
FCF Year 3	$6000

What is the Internal Rate of Return on this project using the following formula: IRR(PV, {PMT}, {N})

A. 10.50%

B. 12.15%

C. 14.15%

D. 16.50%