Northwest Industries is considering a project with the following cash flows: Northwest's required rate of return is 12%. Would Northwest take this project if it uses IRR as a decision criteria? Assume the project is independent.

Initial Outlay = $126,000

Cash Flows

Year 1 = $44,000

Year 2 = $59,000

Year 3 = $64,000

A)Yes

B)No

C)Northwest would be indifferent between accepting and rejecting the project.

D)Cannot be determined.