what is the IRR of the project?

	A.	6.5%
	B.	7.7%
	C.	8.02%
	D.	9.9%

Apple is contemplating a new project where they will not have ads or click bait but will charge customers for using Facebook. They are estimating that they will invest $270,000 initially then will have positive cash flows over the next four years of:

Year 1: $50,000

Year 2: $85,000

Year 3: $130,000

Year 4: $65,000

WACC of 9%.