"The management of XYZ Corporation is considering investing $ 10,000 in project X that has an internal rate of return of 12%.Which of the following statements are true regarding the firms recommended course of action?

"

a.

Reject Project X if the cost of capital to finance the project is over 12%.

b.

Accept Project X if the cost of capital to finance the project is over 12%.

c.

Reject Project X if the cost of capital to finance the project is Less than 12%.

d.

None of the above