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?​​​ $\begin{array}{lccccccc}\text { Year: } & 0 & 1 & 2 & 3 & 4 & 5 & \\\text { Cash } & -\$ 1,000 & & \$ 300 & \$ 295 & \$ 290 & \$ 285 & \$ 270 \\\text { flows: } & & & & & &\end{array}$ ​​

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