Darius Inc. is considering a project that has the following cash flow data. What is the project's IRR?

Year 0 = $-30,000
Year 1 = $15,000
Year 2 = $5,000
Year 3 = $5,000
Year 4 = $10,000
Year 5 = $5,000

a.

12.53%

b.

12.20%

c.

13.20%

d.

11.78%

e.

13.84%

f.

11.90%