Chronic Pain Clinic has estimated the following cash flows associated with a new project. The project cost of capital (discount rate) is 10 percent. Year 0: ($800,000) Year 1: $400,000 Year 2: $400,000 Year 3: $400,000 What is the project’s internal rate of return?
(A) 19.9 percent
(B) 18.5 percent
(C) 23.4 percent
(D) 21.8 percent
(E) 20.4 percent