Brady Bell, Inc. has a cost of capital of 11 percent and is invested in a project that has the following cash flows over the next 6 quarters. If interest is compounded quarterly. what is the effective annual rate of return for this project? (Round to 6 decimal places throughout.) (900) O a. 10.98 percent b. 39.44 percent O c. 22.14 percent O d. 8.67 percent e. 34.66 percent 1/4 180 1/2 300 3/4 320 1 5/4 160 6/4 130 50