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 Cash flows 1 $400 2 $400 3 $400 4 $400 -$1,150 14.66% 15.09% 15.83% 12.90% 12.31%