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Evaluate the following project using an IRR criterion, based on comparing the opportunity cost of 5 % : C 0 = - $ 6 ,

Evaluate the following project using an IRR criterion, based on comparing the opportunity
cost of 5%: C0=-$6,000,C1=$3,300,C2=$3,300.
a. Reject; because the opportunity cost exceeds the IRR
b. Accept; because the IRR exceeds the opportunity cost
c. Accept; because the opportunity cost exceeds the IRR
d. Reject; because the IRR exceeds the opportunity cost
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