What is the IRR of the following cash flow? (MARR = 20%) t=0: -25,000 t=l: +38,000 t=2: -11, 100 a) None of the options below b) 11.5 - 12.5% c) 12.5 - 13.5% d) 13.5 - 14.5% e) 14.5 - 15.5% What is the IRR of the following cash flow? (MARR = 20%) t=0: - 25,000 t= 1: + 38,000 t= 2: -11, 100 t=3: -720 a) 10.5 - 11.5% b) 11.5 - 12.5% c) 12.5 - 13.5% d) 13.5 - 14.5% e) None of the options above