87. Should the following project be accepted if the cost of capital is 12%? Initial Investment is $50,000.

Years	Cash Flows
1	$25,000
2	$35,000
3	$55,000

	a.	Yes, because the internal rate of return is 10.5%, which is less than 12%.
	b.	Yes, because the internal rate of return is 35%, which is more than 12%.
	c.	No, because the internal rate of return is 8.7%, which is less than 12%.
	d.	Yes, because the internal rate of return is 48%, which is more than 12%.