Question: a. 8.63% b. 7.90% c. 6.68% d. 5.25% e. None of the above Simkins Renovations Inc. is considering a project that has the following cash

a. 8.63% b. 7.90% c. 6.68% d. 5.25% e. None of

a. 8.63%

b. 7.90%

c. 6.68%

d. 5.25%

e. None of the above

Simkins Renovations Inc. 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 (and even negative), in which case it will be rejected. Year 1 2 3 4 -$950 $300 $300 $280 $280 Cash flows

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