Quasar Company Is Evaluating an Investment That Will Cost $520,000

Quasar Company is evaluating an investment that will cost $520,000 and will yield cash flows of $300,000 in the first year, $200,000 in the second year, and $100,000 in the third and final year. Please use the tables below and determine the internal rate of return.
$$\begin{array} { | r | r | r | r | r | r | r | } \hline\text { Present Value of } \$ 1\\ \hline & 5 \% & 6 \% & 7 \% & 8 \% & 9 \% & 10 \% \\\hline 1 & 0.952 & 0.943 & 0.935 & 0.926 & 0.917 & 0.909 \\\hline 2 & 0.907 & 0.890 & 0.873 & 0.857 & 0.842 & 0.826 \\\hline 3 & 0.864 & 0.840 & 0.816 & 0.794 & 0.772 & 0.751 \\\hline 4 & 0.823 & 0.792 & 0.763 & 0.735 & 0.708 & 0.683 \\\hline 5 & 0.784 & 0.747 & 0.713 & 0.681 & 0.650 & 0.621 \\\hline\end{array}$$
Please choose the percentage below that comes closest to the actual IRR.

A) 7%
B) 8%
C) 9%
D) 10%