Question: Evaluate the following project using an IRR criterion, based on an opportunity cost of 10 percent: CF 0 = -6,000, CF 1 = +3,300, CF

Evaluate the following project using an IRR criterion, based on an opportunity cost of 10 percent: CF0 = -6,000, CF1 = +3,300, CF2 = +3,300.

Multiple Choice

accept, since IRR exceeds opportunity cost.

reject, since IRR exceeds opportunity cost.

accept, since opportunity cost exceeds IRR.

reject, since opportunity cost exceeds IRR.

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