Simms Corp. 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 or negative, in both cases it will be rejected.

Year $0123$

Cash flows $-$$$1,025$ $$425$ $$425$ $$425$

a$.26\mathrm{.}73\%$

b$.24\mathrm{.}39\%$

c$.8\mathrm{.}13\%$

d$.11\mathrm{.}76\%$

e$.7\mathrm{.}55\%$