What is the IRR of the following project? After-tax initial investment = $8614; CF₁ = $2120; CF₂ = $3050; CF₃ = $4390, CF4 = $5290. If k = 18 percent, should you accept the project?

19.72 percent; yes

16.25 percent; no

21.88 percent; yes

24.55 percent; yes