Zuni Computer Systems is considering a project with the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the

WACC $($and even negative$),$ in which case it will be rejected.

Year

$0$

$1,2,3$

Cash flows $-$$$1\mathrm{.}250$$$450$$$470$$$490$

Answer choices:

$5\mathrm{.}02\%$

$5\mathrm{.}50\%$

$6\mathrm{.}18\%$

$6\mathrm{.}67\%$

$5\mathrm{.}99\%$