A firm has determined its cost of each source of capital and optimal capital structure, which is composed of the following sources and target market value proportions. The firm is considering an investment opportunity that has an internal rate of return of 12.5 percent. Should they accept the project? Why or why not? Reject the project because the project's IRR is less than the weighted average cost of capital (WACC =13.9% ). Accept the project because the project's IRR is less than the weighted average cost of capital (WACC =13.9% ) Accept the project because the project's IRR is higher than the firm's average cost of capital (average cost of long-term debt, preferred stock, and common stock equity = 12.0\%) Accept the project because the project's IRR is less than the cost of debt. Reject the project because the project's IRR is less than the cost of preferred stock and the cost of common stock equity