Suppose that you are working as a CFO of MNO Company. You were asked to evaluate the feasibility of purchasing machinery. Assume that the required rate of return, or hurdle rate, or risk-adjusted discount rate, or the cost of capital, or return on alternative investments was 10%. The following are the estimated cash outflows and inflows of that machinery: The approximate internal rate of return of the project is: Select one: a. 14% b. 19% c. 51% d. 21% e. 34%