Dragonslayer Pest Control is looking at a project that will initially cost $5,500,000. The project will produce cash inflows of $1,800,000 (Year 1); $1,750,000 (Year 2); $1,700,000 (Year 3); $1,600,000 (Year 4); and $1,500,000 (Year 5). Dragonslayer has a mandatory policy stating that 5-year projects will ONLY be accepted if it generates an NPV greater than $25,000. Based on the policy, this project should be

Select one:

a. Rejected if discount rate is 16.00%

b. Rejected if discount rate is 16.05%

c. Rejected if discount rate is 16.10%

d. Rejected if discount rate is 16.15%

e. Accepted if discount rate is 16.20%

f. Accepted if discount rate is 16.25%