You are considering a project that requires an initial investment of $125,000 with a cost of capital of 9%. You expect the project to have a five-year life, and produce cash flows of $27,000 in year 1 , $39,000 in year 2,$56,000 in year 3,$27,000 in year 4 and $10,000 in year 5 What is this project's IRR? 12.32% 11.32% 13.09% 9.49%