Five capital budgeting proposals are briefly described in the table below. Which projects should be accepted?

Project's number	Project's IRR	project's cost of capital
#1	10%	12%
#2	11%	12%
#3	15%	14%
#4	26%	16%
#5	12%	14%

Group of answer choices

#3 and #5

#2 and #5

#3 and #4

#1 and #3

None of these