A project with the following cash-flow.

EOY	Cashflow
0	-100,000
1	30,000
2	40,000
3	30,000
4	50,000

Which of the following statements are correct?

Select one:

a. The smaller the MARR the greater the risk that the project will not be accepted.

b. IRR varies with MARR.

c. MARR has nothing to do with project acceptance.

d. The greater the MARR the greater the risk that the project will not be accepted.