Your company is evaluating a potential new product. The cost of building the manufacturing facilities is $$100$ million $($incurred immediately$).$ The project will generate after$-$tax free cash flow of $$110$ million at the end of the year. The company$$s cost of capital is $9\%.$ What is the IRR of the project?

Your company is evaluating a potential new product. The cost of building the manufacturing facilities is $$100$ million $($incurred immediately$).$ The project will generate after$-$tax free cash flow of $$110$ million at the end of the year. The company$$s cost of capital is $9\%.$ What is the IRR of the project?

$11\%$

$9\%$

$8\%$

$10\%$