Question: Evaluate the following project using an IRR criterion, based on a 10% opportunity cost of capital: CF0 = -$6,000 CF1 = $3,300 CF2 = $3,600

Evaluate the following project using an IRR criterion, based on a 10% opportunity cost of capital:

CF0 = -$6,000 CF1 = $3,300 CF2 = $3,600

Group of answer choices

Accept; because the IRR exceeds the opportunity cost

Accept; because the opportunity cost exceeds the IRR

Reject; because the IRR exceeds the opportunity cost

Reject; because the opportunity cost exceeds the IRR

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