A company is contemplating Investing in a new piece of manufacturing machinery. The amount to be invested is $210,000. The present value of the future cash nows is $225,000. The company's desired rate of return used in the present value calculations was 12%. Which of the following statements is true? B. The internal rate of return on the project is more than 12%. b. The internal rate of return on the project is less than 12% c. The project should not be accepted because the net present value is negative. d. The internal rate of return on the project is equal to 12%