Use the following cash flow data to calculate the project's IRR:

Year	0	1	2	3
Cash flows	-$1,100	$450	$470	$490
WACC = 10%	tax rate= 35%

Select one:

a.

9.70%

b.

10.78%

c.

11.98%

d.

13.31%

e.

14.64%