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The FIN340 Company has a WACC of 10% and is evaluating a project with the following projected annual cash flows: (Year 0 (Start of Project):

"The FIN340 Company has a WACC of 10% and is evaluating a project with the following projected annual cash flows: (Year 0 (Start of Project): $-13,100, Year 1: $2,300, Year 2: 5,100, Year 3: $7,400, Year 4: $1,050 - Calculate the Internal Rate of Return (IRR) for this project."

Pick one of the following answers.

A 1.21%
B 8.17%
C 4.20%
D 16.53%
E 20.99%

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