please, provide step-by-step solutions for better understanding.

10. Simms Corp. 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 both cases it will be rejected. Year 0 1 2 3 Cash flows -$1.000 $425 $425 $425 a. 12.55% 6 b. 13.21% C. 13.87% d. 14.56% 15.29% e