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 3 4 Cash flows -$625 $300 $290 $280 $270 a. 29.04% b. 29.94% c. 24.55% d. 32.63% e. 30.83%