A Company Has an Immediate Cash Outlay of -$325 000

Multiple Choice

A company has an immediate cash outlay of -$325 000 and additional subsequent cash outlays of -$6000 per year for the life of the project. They will receive cash inflows in year 3 for + $77 000 and increasing by $3000 per year until the project ends 7 years later (total of 10 years) . What is the IRR?

A) 9.79%
B) 0.79%
C) 7.79%
D) 10.91%
E) 3.79%