A project requires an immediate investment of $10,000 for the purchase and installation of equipment. The project is expected to generate after-tax cashflows in the amount of $3,000 at the end of each...

A project requires an immediate investment of $10,000 for the purchase and installation of equipment.  The project is expected to generate after-tax cashflows in the amount of $3,000 at the end of each of the next five years.What

is the IRR?
[Select the best answer, please.]

1.  11 %


2.   13 %


3.   15 %


4.   18 %


5.   20 %