Question: Maxwell Feed & Seed is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected

Maxwell Feed & Seed 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 4 5
Cash flows -$6,750 $2,000 $2,025 $2,050 $2,075 $2,100

a. 17.17%
b. 13.74%
c. 15.61%
d. 12.96%
e. 15.45%

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