the Dulon company is currently planning a 4 year project with the following cashflows

Year 0 : $5000

Year 1-4: $-1500

Required rate of return is 10%. What statement is correct?

A. accept the project since the IRR =8%<10%

B. reject the project since IRR =8%<10%

C. reject the project since NPV = $-353<0

D. reject the project since NPV =$245>0

E. none of the above