A company is considering the purchase of a copier that costs $5,000 Assume a cost of capital of 10 percent and the following cash flow schedule:
- Year 1: $3,000
- Year 2: $2,000
- Year 3: $2,000
What is the project's IRR (approximately)?
A. 5%.
B. 20%.
C. 10%.
D. 15%.