Spartan skateboards, Inc is considering buying a new piece of equipment that will quickly imprint spartys image on the top of the skateboard. The equipment will cost $2500 but is expected to increase sales by $750 per year over the next four years. There is no additional net working capital needed, nor will the equipment have any salvage value. The owner of the shop requires a return of 8%. What is the internal rate of return?

A. 7.3%

B. There are multiple IRRs for a project of this type

C. 6.3%

D. 12.2%

E. 7.7%