Your Firm Has an Average-Risk Project Under Consideration

Your firm has an average-risk project under consideration.You choose to fund the project in the same manner as the firm's existing capital structure.If the cost of debt is 9.50%,the cost of preferred stock is 10.00%,the cost of common stock is 12.00%,and the WACC adjusted for taxes is 11.50%,what is the IRR of the project,given the expected cash flows listed here? Use a financial calculator to determine your answer.

A) About 11.50%
B) About 28.30%
C) About 14.67%
D) There is not enough information to answer this question.