Suppose a project has up-front costs of $7260. In its first year it earns a revenue of $5000 which falls by $1000 each year. The project is 5 years long so the revenue in the final year is $1000. The MARR is 9%. What is the IRR of the project described?

Question 6 options:

40-41%

41-42%

42-43%

43-44%

44-45%

None of the above