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 -$1,375 $425 $425 $425

Group of answer choices

3.61%

2.84%

3.20%

3.68%

3.83%