What is the IRR for a potential venture where the initial investment is $$10$ million and you expect to get $$12$ million back two years later? Note that IRR corresponds to the hypothetical discount rate that would make NPV $=0.$

Roughly $9\mathrm{.}5\%$ or $\mathrm{.}095$ in decimal form

$10\mathrm{.}2\%$ or $\mathrm{.}102$

$20\%$ or $\mathrm{.}20$ in decimal form

$120\%$ or $1\mathrm{.}2$ in decimat form