You are considering investing in a project with the following year-end after-tax cash flows: Year 1: $57,000 Year 2: $72,000 Year 3: $78,000 Year 4: $78,000 If the initial outlay for the project is $185,000, compute the project's internal rate of return.

Select one:

a. 3.98%

b. 18.71%

c. 5.54%