A company is contemplating investing in a new piece of manufacturing machinery. The amount to be invested is $100,000. The present value of the future cash flows at the company's desired rate of return is $105,000. The IRR on the project is 12%. Which of the following statements is true? a. The project thould not be acrepted because the net present value is nczative. b. The desired rate of return used to compule the present value of the future cash flows is cqual to 12%. c. The desired rate of return used to compute the present valoe of the future cash fows is more than 12% d. The desired rate of return wised to compate the present value of the futare cash flows is less than 12%