Chronic Pain Clinic has estimated the following cash flows associated with a new project. The project cost of capital is 10 percent. Year Expected Net Cash Flow 0 ($800,000) 1 400,000 2 400,000 3 400,000 What is the project’s IRR? 18.5 percent 19.9 percent 20.4 percent 21.8 percent 23.4 percent.