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 -$5,400 $1,800 $1,825 $1,850 $1,875 $1,900

a. 20.88%

b. 71.30%

c. 11.37%

d. 36.76%

e. 14.26%