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	-$1,225	$325	$325	$325	$325	$325

Group of answer choices

10.22%

8.79%

7.77%

11.65%

10.43%