Technology Corp. is considering a $200,000 investment in a new marketing campaign that they anticipate will provide annual cash flows of $52,000 for the next five years. The firm has a 10% cost of capital. What should the analysis indicate to the firm's managers?

Group of answer choices

IRR is between 9% and 10%. Reject the project.

IRR is between 9% and 10%. Accept the project.

Not enough information is given to determine an answer.

IRR is between 10% and 11%. Accept the project.