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 O a. 5.90% O b. 8.26% O c. 7.86% O d. 7.70% O e. 9.36%