Pet World Is Considering a Project That Has the Following

Multiple Choice

Pet World is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital (and even negative) , in which case it will be rejected.

A) 2.08%
B) 2.31%
C) 2.57%
D) 2.82%
E) 3.10%