A firm has asked you to invest in their "Beer Town" project that requires an initial investment of $750. The project will pay $200 annually for 5 years (payments are received at year-end). The cost of capital is 7%. According to the IRR method, you should:

Question 8 options:

	Not enough information provided to determine a course of action.
	Accept the project, because the IRR is greater than the cost of capital
	Reject the project, because the IRR is less than the cost of capital
	Reject the project, because the IRR is greater than the cost of capital
	Accept the project, because the IRR is less than the cost of capital