Use the information for the$$ question$($s$)$ below.

Larry the Cucumber has been offered$$ $$14$ million to star in the lead role of the next three Larry Boy adventure movies. If Larry takes this$$ offer, he will have to forgo acting in other Veggie movies that would pay him$$ $$5$ million at the end of each of the next three years. Assume$$ Larry's personal cost of capital is$10\%$ per year.

The IRR for$$ Larry's threemovie deal offer is closest$$ to:

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Part $1$

A$.$

$1\mathrm{.}6\%.$

B$.$

$1\mathrm{.}6\%.$

C$.$

$3\mathrm{.}5\%.$

D$.$

$3\mathrm{.}5\%.$