Ko, Inc. is considering a four-year project that has an initial outlay or cost of $80,000. The future cash inflows from its project are $40,000, $40,000, $30,000, and $30,000 for years 1,2,3 and 4, respectively. Ko uses the internal rate of return method to evaluate projects. What is the IRR for this project? Select one: a. The IRR is between 12% and 20%. O b. The IRR is about 24.55%. O c. The IRR is less than 12%. O d. The IRR is about 30.71% O e. The IRR is about 28.89%