Question - 1: [15] Beximco Pharmaceuticals is evaluating a project in Wakanda. The project will create the following cash flows: Year 0 1 2 3 4 Net Cash flow ($) - $400,000 $145,000 $280,000 $105,000 $283,000 In an attempt to improve its economy, the government of Wakanda has declared that all cash flows generated from any kind of project by a foreign company must be "blocked" and reinvested with the government for one year. The reinvestment rate for these funds is 4 percent. If Beximco Pharmaceuticals uses a 11 percent required return on this project, what is IRR of the project?