Kangs' Memorial Statues is thinking about buying an industrial nitrous sandblaster that costs $22,430. The company wants to include it in this year's capital budget. Kang's cost of capital is 14%. Including depreciation, after-tax cash flows are $7,500 every year for the next five years.

What is nitrous sandblaster's:

• Net Present Value
• Internal Rate of Return
• Should they accept or reject buying the nitrous sandblaster?

Select one:

A. NPV:$15,000 IRR:14% Accept/Reject: Accept

B. NPV:$3,318 IRR:20% Accept/Reject: Accept

C. NPV:$15,070 IRR:14% Accept/Reject: Reject

D. NPV:$3,160 IRR:16% Accept/Reject: Reject

Clear my choice