Warr Company 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

$0$

$1$

$2$

$3$

$4$

Cash flows

$$$$1,050$

$$400$

$$400$

$$400$

$$400$

Group of answer choices

$17\mathrm{.}34\%$

$19\mathrm{.}27\%$

$15\mathrm{.}61\%$

$14\mathrm{.}05\%$

$21\mathrm{.}20\%$