Project Full Moon has an initial outlay of $30,000, followed by positive cash flows of $10,000 in year 1, $15,000 in year 2, and $15,000 in year 3. The project should be accepted if the required rate of return is...? Please show work required to arrive to answer.

A. Greater than 12%

B. Less than 14.6%

C. Less than 16.25%