A project is expected to create after-tax operating cash flows of $25,000 a year for three years. The initial investment for fixed assets is $50,000. These assets will be worthless at the end of the project. Assuming a required rate of return of 15% and a tax rate of 21%, which of the following statements is correct? a. The NPV of the project is $7,081, its IRR is 23% and the project should be accepted. b. The Project has a payback of 2.53 years. O c. The NPV of the project is ($4,906), its IRR is 9% and the project should be rejected