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. 13.98%

b. 12.69%

c. 16.07%

d. 15.58%

e. 18.15%