Question 22 (2 points) A project water works firm has an up-front cost of $100.000. The project's WACC is 12% and its net present value is $10,000. Which of the following statements is most correct? The project's modified internal rate of return is less than 12% The project should be rejected since its return is less than the WACC. The project's internal rate of return is greater than 12%. The project should be accepted whether it is independent or mutually exclusive with an other project