The accountant for Seaside Investors, Inc. (SII) applied net present value analysis to an investment opportunity using a 10% required (desired) rate of return. The analysis produced a positive net present value which means the investment opportunity will produce a

a) rate of return that is equal to 10%.

b) rate of return that is lower than 10%.

c) rate of return on that is higher than 10%.

d) The answer cannot be determined the information provided.