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 or negative, in which case it will be rejected. Year 0 1 2 3 Cash flows -$1,000 $425 $425 $425

a. 12.55%

b. 13.21%

c. 13.87%

d. 14.56