Warr Company is considering a project that has the following cash flow data. What is the project's IRR?

Year 0 1 2 3 4

Cash flows -$1,250 $450 $450 $450 $450

Hint:

IRR: Internal Rate of Return

IRR is the discount rate that forces PV inflows = cost.

Group of answer choices

16.37%

19.14%

24.54%

13.54%

21.86%