An investment has an up-front cost of $100,000. The investment s WACC is 12 percent and its net present value is $10,000. Which of the following statements is most correct?

a. The investment should be rejected since its return is less than the WACC.

b. The investment s internal rate of return is less than 12 percent.

c. The investment s modified internal rate of return is less than 12 percent.

d. All of the statements above are correct.

e. None of the statements above is correct.