Simms Corp. 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 Cash flows -$1,025 $425 $425 $425
A. 9.64%
B. 10.82%
C. 12.58%
D. 11.29%
E. 11.76%
Answer: E
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