Datta Computer Systems 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 (and even negative), in which case it will be rejected.

Year 0 1 2 3

Cash flows -$1,050 $450 $470 $490

a. 11.43%

b. 10.33%

c. 37.66%

d. 34.29%

e. 16.07%