Simkins Renovations Inc $\begin{array}{lccccc}\text { Year } & 0 & 1 & 2 & 3 & 4 \\\hline \text { Cash flows } & -\$ 625 & \$ 300 & \$ 290 & \$ 280 & \$ 270\end{array}$

Multiple Choice

Simkins Renovations Inc.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. $\begin{array}{lccccc}\text { Year } & 0 & 1 & 2 & 3 & 4 \\\hline \text { Cash flows } & -\$ 625 & \$ 300 & \$ 290 & \$ 280 & \$ 270\end{array}$
?

A) 29.04%
B) 32.63%
C) 24.55%
D) 30.83%
E) 29.94%