Thompson Stores Is Considering a Project That Has the Following

Multiple Choice

Thompson Stores is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC (and even negative) , in which case it will be rejected. Year: 0 1 2 3 4 5
Cash flows: -$1,000$300 $295 $290 $285 $270

A) 11.16%
B) 12.40%
C) 13.78%
D) 15.16%