Texas Utensils is considering a new project, which would cost $350,000 initially and would generate cash flows of $42,000, starting from next year until forever. Assume the cost of capital is 8%. Which of the following statements is true? O The IRR of the project is 8%. The IRR of the project is 12%. The IRR of the project can't be determined since the cash flows would last forever. O The IRR of the project is infinitely large since the cash flows would last forever