Question: Evaluate the following project using the internal rate of return (IRR) method. If the opportunity cost of capital is 10%, what should you do and

 Evaluate the following project using the internal rate of return (IRR)

Evaluate the following project using the internal rate of return (IRR) method. If the opportunity cost of capital is 10%, what should you do and why? Initial Cost - $6,000 End of Year 1 $3,300 End of Year 2 $3,600 accept; because the IRR exceeds the opportunity cost reject; because the opportunity cost exceeds the IRR accept; because the opportunity cost exceeds the IRR O reject; because the IRR exceeds the opportunity cost

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