Candela cable company is considering investing​ $450,000 in telecommunications equipment that has an estimated life of five years with no residual value. the cash flows are as shown​ below: year 1 ​$120,000 2 ​235,000 3 ​140,000 4 ​98,000 the present value of​ $1: ​10% ​11% ​12% ​13% ​14% 1 0.909 0.901 0.893 0.885 0.877 2 0.826 0.812 0.797 0.783 0.769 3 0.751 0.731 0.712 0.693 0.675 4 0.683 0.659 0.636 0.613 0.592 5 0.621 0.593 0.567 0.543 0.519 the irr of the project would be​ ________.
a. between​ 9% and​ 10%
b. more than​ 13%
c. less than​ 10%
d. between​ 12% and​ 13%