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Your company is developing a new technology for computer graphics

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Your company is developing a new technology for computer graphics. This project involves cash outflows in 2 consequent years (370 mln dollars a year), and a cash inflow in the 3-rd year (1 billion dollars). There is an option to develop the technology more rapidly. This option implies investment of 0,8 billion dollars in the 1-st year and a cash inflow of 1 billion dollars in the 2-nd year. Using the IRR criteria determine the set of discount rates under which the company should switch to a more rapid option. Less than 22% Between 22% and 25% More than 22% O More than 25%