Professor Wendy Smith has been offered the following opportunity: A law firm would like to retain her for an upfront payment of $49000. In return, or the next year the firm would have access to eight hours of her time every month. As an alternative payment arrangement, the firm would pay Professor Smith's hourly rate for the eight hours each month. Smith's rate is $540 per hour and her opportunity cost of capital is 15% per year. What does the IRR rule advise regarding the payment arrangement? The IRR is %. (Round to two decimal places.) The IRR rule advises: (Select the best choice below.) A. With an IRR of 15% and with Smith's cost of capital at 11.05%, according to the IRR rule, she should reject this opportunity. B. Since the IRR is less than the cost of capital, 15%, Smith should turn down this opportunity. C. Since the IRR is less than the cost of capital, 15%, Smith should accept this opportunity. D. None of the above. The NPV is $ (Round to the nearest dollar.) The NPV rule advises: (Select the best choice below.) A. Even though the NPV is positive, the IRR is below the cost of capital, so the correct decision is to reject the upfront payment