A proposed project has an initial cost of $28,000 and cash inflows of $12,800, $14,200, and $12,000 for years 1 through 3, respectively. The required rate of return is 16.8 percent. Based on IRR, should this project be accepted? Why or why not? Select one: a. No; The IRR is less than the required return by 1.23 percent. b. Yes; The IRR exceeds the required return by about 1.98 percent. O c. No; The IRR exceeds the required return by .58 percent. d. Yes; The IRR is less than the required return by .78 percent. e. Yes; The IRR exceeds the required return by 1.58 percent