You purchased an event center at the end of 2010 for $1,550,000. The cost of capital for this is 7.75%

You rented out the facility and received net cash flows of $150,000 the first year, $175,000 the second year and $255,000 the third year. If you (could) sell the property at the end of 2013 for $1,650,000 that included keeping the center name, did you earn more than your cost of capita

What was the IRR?

A. Yes, 16.0%

B. Yes, 15.8%

C. Yes, 14.06%

D. No, 6.80%