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Thorley Inc. 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

Thorley Inc. 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 4 5

Cash flows -$1225 $325 $325 $325 $325 $325

a.7.77% b.11.65% c.10.53% d.10.22% e.8.79%

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