3. You are considering an investment for which you require at least a 3.6 percent rate of return. The investment will cost $87,000 and produce cash inflows of $12,500 a year for 8 years. Should you accept this project based on its internal rate of return? Why or why not? a. yes; because the IRR is 5.21 percent b. yes; because the IRR is 4.79 percent c. yes; because the IRR is 3.68 percent d. no; because the IRR is equal to 3.20 percent e. no; because the IRR is 2.86 percent