Wilson Corporation is acquiring a new punching machine for $2.7 million that will generate quarterly cash flows of $450,000 in year 1, $375,000 in year 2 and $240,000 in years 3 to 5. What is the annual IRR on the investment?

14. Wilson Corporation is acquiring a new punching machine for $2.7 million that will generate quarterly cash flows of $450,000 in year 1,$375,000 in year 2 and $240,000 in years 3 to 5 . What is the annual IRR on the investment? A. 17.80% B. 17.80% C. 39.38% D. 43.28%