An investor is evaluating a project with a required return of 10.0 percent. The project requires an investment of $39000 but is expected to generate cash flows of $10,000, $16000 and $23000 for years 1 to 3, respectively. Should the investor accept this project?

A. Yes because the IRR exceeds the required return by 0.76 percent

B. Yes because the IRR exceeds the required return by 0.29 percent

C. No because the IRR exceeds the required return by 0.76 percent

D. Yes because the IRR is less than the required return by 0.29 percent