The following information pertains to Otho Company:

Total assets $150,000

Total current liabilities 110,000

Total expenses 160,000

Total liabilities 115,000

Total revenues 180,000

If invested capital is defined as total assets, a project earning an ROI of 12% should be _____.

a) rejected

b) rejected if the cost of capital is greater than 12%

c) accepted

d) rejected if the desired rate of return is less than 12%