A firm has asked you to invest in their "computers" project which 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 IR method, with respect to the Computer Project, you should:

(A) Accept the project, because the IRR is greater than the cost of capital

(B) Reject the project, because the IRR is greater than the cost of capital

(C) Reject the project, because the IRR is less than the cost of capital

(D) Accept the project, because the IRR is less than the cost of capital

(E) Not enough info

PLEASE POST WITH FULL EXPLANATIONS!!!