Use the information to answer the following questions. A company is analyzing an independent project, S, whose cash flows are shown below:

cashflow

Year 0 -100

Year 1 60

Year 2 35

Year 3 30

Year 4 20

Continued from previous question. What is the internal rate of return (IRR) for Project S?

Select one:

a.15.34%

b.20.84%

c.12.46%

d.19.93%

e.18.54%