Question: 23. Simms Corp. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR

23. Simms Corp. 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 Cash flows -$1,025 $425 $425 $425

a. 26.73% b. 7.55% c. 11.76% d. 24.39% e. 8.13%

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