Assume that you have just completed a presentation to your board of trustees concerning the analysis of a proposed cancer research center costing $$20$ million. You presented that the project has a NPV of $$786,339$ and an IRR of $17\mathrm{.}3$ percent. Based on its risk, the project was judged to have a cost of capital of $13$ percent. Which of the following statements is most correct?

Group of answer choices

The project is financially acceptable because its NPV is over $3\%$ of the cost.

The project is financially acceptable because its IRR is greater than zero.

The project is financially unacceptable because its NPV is less than the project's initial investment cost.

The project is financially acceptable because its IRR is greater than its cost of capital.

The project is financially unacceptable, but it may have sufficient social value to make it worthwhile.