Ted a project manager wants to invest in a project with an initial cost of $58,500 and cash flows of $32,400 and $38,500 in years 1 & 2 . Rose, his boss requires a discount rate of 10%. And also a return of $1.10 in today's dollars for every $1 invested . Will Ted get his project approved ?

A. Yes bc P1 is greater than 1

B. No the project does not meet the $1.10 per $1 requirement

C. Yes bc NPV is positive

D. No because the project does not meet either requirement

E. Yes both requirements are met