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 -$925 $410 $410 $410

a. 32.97%

b. 9.96%

c. 10.99%

d. 37.51%

e. 15.72%