Billy Bobs is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital (and even negative), in which case it will be rejected.

Year	0	1	2	3
Cash flows	$1,100	$450	$470	$490

Group of answer choices

10.78%

11.98%

9.70%

14.64%

13.31%