OpenSeas, Inc. is evaluating the purchase of a new cruise ship. The ship would cost $500 million, but would operate for 20 years. Openseas expects annual cash flows from operating the ship to be $69.6 million (at the end of each year). Should you accept or reject the project if the cost of capital is 17% Accept because IRR=19%, which is greater than the cost of capital Accept because IRR =18%, which is greater than the cost of capital Reject because IRR=13%, which is smaller than the cost of capital Reject because IRR=11%, which is greater than the cost of capital