Maxwell Feed & Seed 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	4	5
Cash flows	-$6,750	$2,000	$2,025	$2,050	$2,075	$2,100

a. 13.74%

b. 12.96%

c. 15.45%

d. 17.17%

e. 15.61%