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 0 1 2 3 Cash flows -$825 $315 $315 $315 O a. 14.55% O b. 4.85% c. 15.32% O d. 7.11% e. 4.63%