Hershey is considering a purchasing some new equipment that costs $400,000. The discount rate for the machine is 15%. The cash flows from Hersheys machine are shown below.

Year 1	Year 2	Year 3	Year 4
$150,000	$150,000	$150,000	$150,000

Should you accept the project using the IRR derision criterion?

Question 18 options:

a)	Reject the project IRR > discount rate

b)	Accept the project IRR > discount rate

c)	Reject the project IRR < discount rate

d)	Accept the project IRR < discount rate