Consider the following two$$ projects:

Project

Year $0$

$$C$/$F

Year $1$

$$C$/$F

Year $2$

$$C$/$F

Year $3$

$$C$/$F

Year $4$

$$C$/$F

Year $5$

$$C$/$F

Year $6$

$$C$/$F

Year $7$

$$C$/$F

Discount

Rate

Alpha

minus$79$

$20$

$25$

$30$

$35$

$40$

$$N$/$A

$$N$/$A

$15\%$

Beta

minus$80$

$25$

$25$

$25$

$25$

$25$

$25$

$25$

$16\%$

The internal rate of return$($IRR$)$ for project Alpha is closest$$ to:

Question content area bottom

Part $1$

A$.$

$22\mathrm{.}7\%$

B$.$

$25\mathrm{.}0\%$

C$.$

$24\mathrm{.}5\%$

D$.$

$22\mathrm{.}2\%$