Question: Evaluate the following project using an IRR criterion, based on an opportunity cost of 10%: CO= -4,000, C1= +2,000, C2= +2,000.? a. Reject, since IRR

Evaluate the following project using an IRR criterion, based on an opportunity cost of 10%: CO= -4,000, C1= +2,000, C2= +2,000.? a. Reject, since IRR exceeds opportunity cost. b. Accept, since opportunity cost exceeds IRR. C. Reject, since opportunity cost exceeds IRR. d. Accept, since IRR exceeds opportunity cost.

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