A project has cash flows of $148,400, $42,500, $83,700, and $43,200 for Years 0 to 3, respectively. The projects required return is 7 percent per year. Since the projects internal rate of return is ________ percent, you should ________ the project.

a. 8.03; reject

b. 6.89; accept

c. 6.89; reject

d. 5.91; accept

e. 8.03; accept