16. An investment that costs $82,000 is expected to reduce cash operating costs by $27,000 per year for 4 years. Based on the internal rate of return of the investment, should the investment be undertaken if the required rate of return is 9 percent? A) No, the actual return of 3.04% is less than the required rate of return B) Yes, because the return of 12% is more than the hurdle rate C) Yes, because the IRR is more than 30% D) Yes, because the NPV exceeds the cost by $26,000