An independent capital budgeting project is expected to have the following cash flows.

year	cash
0	-$875,000
1	$400,000
2	$500,000
3	$600,000

a. Compute the internal rate of return b. Compute the modified internal rate of return using a 13 percent required rate of return c. Should the project be accepted?

A. a. 24.18% b. 30.13% c. Yes

B. a. 30.13% b. 24.18% c. Yes

C. a. 24.18% b. 30.13% c. No

D. a. 30.13% b. 24.18% c. No