Internal Rate of Return Adolphus Logistics has a weighted average cost of capital of 10 percent. The company is considering a project with the following expected cash flows: Year Project Cash Flow 0 –$612 million 1 269 million 2 215 million 3 207 million 4 113 million The project is of similar risk to the average of Adolphus's other operating assets. The project's internal rate of return (IRR) is closest to: a. 7.1% b. 11.9% c. 13.6% d. 15.7%