Evaluate the following project using the internal rate of return (IRR) method, based on a 10% opportunity cost of capital: Initial Cost $6,000 End of Year 1 $3,300 End of Year 2 $3,600

reject; because the IRR exceeds the opportunity cost

reject; because the opportunity cost exceeds the IRR

accept; because the opportunity cost exceeds the IRR

accept; because the IRR exceeds the opportunity cost