Question 3 IRR [3 point]: 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

Show work/explain please!