Question: (Please show all work and step by step calculations, thank you!) Warr Company is considering a project that has the following cash flow data. What

(Please show all work and step by step calculations, thank you!)

Warr Company 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 4
Cash flows -$1565 $400 $400 $400 $400
a. 0.78%
b. 0.88%
c. 0.91%
d. 0.76%
e. 0.85%

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