Concord Hospital is considering an investment project with an estimated internal rate of return (IRR) equal to 12 percent. Under what conditions should Concord Hospital accept the project? Choose the best answer.

(a) The projects payback period is greater than the required payback period.

(b) The IRR is positive.

(c) The net present value of the project is zero.

(d) The risk-adjusted opportunity cost of capital is 15 percent.

(e) The risk-adjusted opportunity cost of capital is 10 percent.