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 $-$$$6,250$$$2,000$$$2,025$$$2,050$$$2,075$$$2,100$

$14\mathrm{.}40\%$

$18\mathrm{.}18\%$

$18\mathrm{.}94\%$

$23\mathrm{.}11\%$

$17\mathrm{.}62\%$