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. 2 2 3 Year Cash flows 1 $300 -$625 $290 $280 $270 O a. 82.40% O b. 29.94% O c. 69.18% O d. 16.21% O e. 20.60%