Technology Corp. is considering a $238,160 investment in a new marketing campaign that it anticipates will provide annual cash flows of $52,000 for the next five years. The firm has a 6% cost of capital. What should the analysis indicate to the firm's managers?

(a)IRR is 8%. Accept the project.

(b)IRR is 3%. Reject the project.

(c)IRR is 4%. Reject the project.

(d)IRR is 6%. Accept the project.