Bill plans to open a do-it-yourself dog bathing center in a storefront. The bathing equipment will cost $180,000. Bill expects the after-tax cash inflows to be $40,000 annually for seven years, after which he plans to scrap the equipment and retire to the beaches of Jamaica. Assume the required return is 19%. What is the project's IRR? Should it be accepted? Select one: O a. 12.2%; yes b. 12.4%; no c. 17.0%; Indifferent d. 16.3%; yes e. 12.2%; no