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