What Is the IRR of the Following Set of Cash

Multiple Choice

What is the IRR of the following set of cash flows? $$\begin{array} { | c | r | } \hline \text { Year } & \text { Cash Flow } \\\hline 0 & - \$ 61,300 \\\hline 1 & 18,900 \\\hline 2 & 64,500 \\\hline 3 & 7,600 \\\hline\end{array}$$

A) 12.93 percent
B) 14.90 percent
C) 23.86 percent
D) 16.33 percent
E) 17.78 percent