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 -$1,040 $505 $495 $485 $475 flows a. 22.12% b. 73.97% c.31.64% d. 88.46% e. 17.17%