Datta Computer Systems 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:

$0$

$1$

$2$

$3$

Cash Flows:

$-$$$1,425$

$$450$

$$470$

$$490$

Which option is correct?

a$.0\mathrm{.}40\%$

b$.0\mathrm{.}56\%$

c$.0\mathrm{.}48\%$

d$.0\mathrm{.}50\%$

e$.0\mathrm{.}52\%$