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 -$925 $395 $385 $375 $365 flows O a. 23.70% O b. 16.08% c. 50.24% O d. 64.32% O e. 13.22%