Bellamy Company is considering the purchase of a computerized manufacturing system. The after-tax cash benefits/savings associated with the system are as follows: 
The system will cost $9,000,000 and will last ten years. The company's cost of capital is 12 percent.
Which of the following best describes the IRR for this project?
Definitions:
Standard Deviation
A measure of the dispersion or variability within a set of numerical data, indicating how spread out the numbers are.
Standardize
To make consistent by conforming to a set standard or protocol to ensure uniformity and comparability.
IQ Test
A standardized test designed to measure human intelligence and cognitive abilities in relation to an average population.
Norms
Shared expectations or rules within a society or group that dictate appropriate and acceptable behavior, values, beliefs, and attitudes.
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