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 $01234$

Cash flows $-$$$1,420$ $$405$ $$405$ $$405$ $$405$

a$.14\mathrm{.}08\%$

b$.9\mathrm{.}56\%$

c$.3\mathrm{.}35\%$

d$.3\mathrm{.}52\%$

e$.5\mathrm{.}49\%$