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Fiddly Dee is considering a new project that has greater than average risk and is expected to return 12%. Fiddly Dee's cost of capital is

Fiddly Dee is considering a new project that has greater than average risk and is expected to return 12%. Fiddly Dee's cost of capital is 9% and the project cost of capital is 14%. Which of the following statements is correct? Multiple Choice The project has a positive NPV and should be accepted. The project has a positive NPV and should be rejected. The project has a negative NPV and should be rejected. The project has a negative NPV and should be accepted.

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