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	$9,500	$2,000	$2,025	$2,050	$2,075	$2,100

	a.	2.82%
	b.	3.10%
	c.	2.08%
	d.	2.57%
	e.	2.31%