Maxwell Feed & Seed Is Considering a Project That Has

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. $\begin{array}{c}\begin{array}{lll} \text {Year}\\\text {Cash flows}\end{array}\begin{array}{c} 0 \\\hline -\$9,500\end{array}\begin{array}{c}1 \\\hline \$2,000\end{array}\begin{array}{c}2 \\\hline \$2,025\end{array}\begin{array}{c}3 \\\hline \$2,050\end{array}\begin{array}{c}4 \\\hline \$2,075\end{array}\begin{array}{c}5 \\\hline \$32,100\end{array}\end{array}$

a $2.08 \%$
b. $2.31 \%$
c. $2.57 \%$
d. $2.82 \%$
e. $3.10 \%$