Spence Company is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital or negative, in both cases it will be rejected. Year Cash flows 0 -$1,050 1 $400 2 $400 3 $400 4 $400 O O O a. 19.27% b. 15.61% C. 14.05% d. 21.20% e. 17.34% 0 0 O Nichols Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital or negative, in both cases it will be rejected. u s to allowing an oven Venta de Year 0 Cash flows |-$1,250 1 $325 2 $325 3 $325 4 | $325 5 $325 O a. 9.91% O b. 10.92% O c. 11.47% O d. 9.43% O e. 10.40%