Simkins Renovations Inc. 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

$0$

$1$

$2$

$3$

$4$

Cash flows $-$$$950$$$300$$$290$$$280$$$270$

$7\mathrm{.}86\%$

$9\mathrm{.}36\%$

$8\mathrm{.}26\%$

$5\mathrm{.}90\%$

$7\mathrm{.}70\%$