Question: Electronic Arts (EA) is evaluating a potential project for investment. EA has estimated its WACC to be 11.7%. The project's anticipated cash flows are shown

Electronic Arts (EA) is evaluating a potential project for investment. EA has estimated its WACC to be 11.7%. The project's anticipated cash flows are shown below. Determine the project's IRR. Year (t) and cash flows: (t=0) -$10,000 (t=1) $2,500 (t=2) $3,000 (t=3) $4,000 (t=4) $3,500

Group of answer choices

12.1%

10.6%

13.2%

15.7%

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