A project under consideration has an internal rate of return of 14 percent and a beta of 1.5. The risk-free rate is 4 percent and the expected rate of return on the market portfolio is 10 percent.

Should the project be accepted?

Group of answer choices

No. Since the IRR of the project is higher than its required rate of return, the project should not be accepted

Yes. Since the IRR of the project is lower than its required rate of return, the project should be accepted.

No. Since the IRR of the project is lower than its required rate of return, the project should not be accepted

Yes. Since the IRR of the project is higher than its required rate of return, the project should be accepted