Calculate the IRR for the following project. An outflow of \($14\),000 in year 0 followed by an inflow of 0 for two years with \($16\),000 returned in the third year. How does this change if the cash flows are now \($10\),000 in year 1, \($4\),000 in year 2, and \($1\),000 in year 3?

a 4.55%, 3.74%

b 4.55%, 5.08%

c −3%, 2.54%

d 3.74%, 5.08%