Choi Computer Systems Is Considering a Project That Has the Following

Multiple Choice

Choi Computer Systems is considering a project that has the following cash flow data.What is the project's IRR? $\begin{array}{l}\begin{array}{l}\text { Year: } \\\text { Cash flows: }\end{array}\begin{array}{cccc}0 & 1 & 2 & 3 \\\hline-\$ 1,000 & \$ 450 & \$ 470 & \$ 490\end{array}\end{array}$

A) 13.89%
B) 15.43%
C) 17.15%
D) 19.05%