A 5-year project which costs $90,000 has annual cash flows of $27,000. The required fate of return is 14%. Below are selected factors for a present value of an annuity Interest rate 10% 11% 12% 13% 14% 15% 16% Present value of an annuity of $1 factor for year 5 3.7908 3.6959 3.6048 3.5172 3.4331 3.3522 3.2743 What is the internal rate of return? Should the project be accepted or rejected? Multiple Choice The project should be rejected because it will not earn exactly 14%. More than 13% but less than 14%; reject O O The project should be rejected because it will not earn exactly 14%. O More than 13% but less than 14%; reject O More than 15% but less than 16%; accept O More than 14% but less than 15%; accept O More than 12% but less than 13%; reject