What is the projects irr note that a projects irr can be

Question

Nichols Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital or negative, in both cases it will be rejected.

Year      Cash Flow

0              $1,250

1               $325

2               $325

3               $325

4               $325

5                $325