Warr Co. is considering a project that has the following cash flow data. What is the project's internal rate of return (IRR)? Note that a project's projected IRR can be less than the weighted average cost of capital (WACC) or negative; in both cases, it will be rejected.

Year	0	1	2	3	4
Cash flows	$1,050	$400	$400	$400	$400

Group of answer choices

14.05%

15.61%

17.34%

19.27%

21.20%