Question 30 (1 point) ABC Inc. is considering investing in Project X that requires an initial investment of $1,000,000. The project will last three years and bring in $400,000 as cash flows at the end of each of the four years. The cost of capital for the project is 10%. a) The project must be rejected because its IRR is less than the cost of capital. b) The project must be rejected because its NPV is negative. O c) The project must be accepted because its IRR is greater than the cost of capital. d) The project must be accepted because the NPV is zero dollars. e) The project must be rejected because the Modified Internal Rate of Return is negative