You are considering a project that you think might create value for your firm. The finance department has told you that the required rate of return is 13% and only projects with a NPV of $3000 or greater will be accepted. You do your calculations and find that the IRR of the project would be exactly 13%. Will the finance department accept this project?

Select one:

a. Yes

b. No

c. One cannot determine without calculating the NPV of the project.