A firm would like to spend $221,000 to expand its warehouse. However, the company has a loan outstanding that must be repaid in 2.5 years and thus will need the $221,00 at that time. The warehouse expansion project is expected to increase the cash inflows by $58,000 in the first year, $139,000 in the second year, and $210,000 a year for the following 2 years. Shoudl the firm expand at this time? Why or why not? Select one: a. No, because the project never pays back b. No, because the money will not be recovered in time to repay te loan c. Yes, because the money will be recovered in 187 years. d. Yes, because the money will be recovered in 169 years, Yes, because the money will be recovered in 2.11 years. Simms Corp. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC or negative, in both cases it will be rejected. Year Cash flows 0 $1,025 $425 $425 $425 Select one: a. 11.29% O b. 9.64% 11.76% d 12.58% 10.829