A firm with a cost of capital of 11% is evaluating four capital projects. The internal rates of return are as follows: Project IRR: 1) 13%, 2) 10%, 3) 11%, and 4) 15%. Which projects should the firm accept/reject?

		Accept 4 and 1, and reject 2 and 3.
		Accept 4, 1, and 3 and reject 2.
		Accept 4 and reject 1, 2, and 3.
		Accept 3 and reject 1, 2, and 4.