Your firm is considering opening a new location in Kingsbury, TX, no seriously! The initial cost would be $185,000 and produce cash flows of $35,000 per year for the first two years, and $50,000 per year for the next three years. If your required return is 8%, what is the IRR of opening the new location? Group of answer choices 7.18% 9.22% 5.65% 3.27%