Simms Corp. is considering a project that has the following cash flow data. What is the projects IRR? Note that a projects projected IRR can be less than the WACC or negative, in both cases it will be rejected. Year 0 1 2 3 Cash flows $1,025 $425 $425 $425

a. 8.13%

b. 26.73%

c. 7.55%

d. 24.39%

e. 11.76%