Question 22 (3.33 points) Your organization's CFO has just completed a presentation to the board of trustees concerning the analysis of a proposed ambulatory surgery center costing $2 million. During the presentation, the CFO indicated that the project had an NPV of $786,339 and an IRR of 17.3 percent. Based on its risk, the project was judged to have a cost of capital of 13 percent. Which of the following statements is most correct? The project is financially unacceptable because the NPV is less than the project's initial cost ($2 million) The project is financially acceptable because NPV is positive The project is financially unacceptable because IRR is greater than the cost of capital The project is financially acceptable because IRR is positive