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Warr Company is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be

Warr Company is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the WACC or negative, in both cases it will be rejected.

YEAR 0 1 2 3 4
CASH FLOWS -$1050 $500 $500 $622 $622

a. 35.105%

b. 36.990%

c. 37.256%

d. 38.960%

e. 39.654%

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