16.)Belgian Bite Corp. is considering a project that has the following cash flow data. What is the project's IRR?

Year	0	1	2	3
Cash flows	$1,100	$450	$470	$490

Group of answer choices

A.11.98%

B.9.70%

C.13.31%

D.14.64%

E.10.78%

17.Central Energy is considering two mutually exclusive projects, Project Red and Project The projects have the following cash flows:

Year	Project Red Cash Flows	Project White Cash Flows
0	-$1,000	-$1,000
1	100	700
2	200	400
3	600	200
4	800	100

Assume that both projects have a 10 percent WACC.

What is the internal rate of return (IRR) of the project that has the highest NPV?

Group of answer choices

A.21.83%

B.21.96%

C.18.24%

D.10.00%

E.14.30%