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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