A manager is reviewing a project with an ini!al cost of $48,700 and cash inflows of $12,800, $20,400, and $27,700 for Years 1 to 3, respectively. Should the project be accepted if it has been assigned a required return of 9.75%? Why or why not?

A) No, because the IRR is only 9.69%

B) Yes, because the IRR exceeds the required return by .88%

C) Yes, because the IRR is less than the required return by .56%

D) No, because the IRR exceeds the required return by .88%

E) Yes, because the IRR exceeds the required return by .56%