Evaluate the following project using the internal rate of return (IRR) method. If the opportunity cost of capital is 10%, what should you do and why?

Initial Cost	$6,000
End of Year 1	$3,300
End of Year 2	$3,600

Answer Choices

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