Voya Natural Resources, a firm with a 12% cost of capital, is considering the following project:

Year	Cash Flow
0	$82,300
1	20,900
2	23,800
3	29,600
4	25,400
5	18,600

Based on the IRR, should Voya Natural Resources accept this project?

Multiple Choice

• Yes, because the IRR is 14.63 percent.

• No, because the IRR is 14.63 percent.

• Yes, because the IRR is 13.51 percent.

• Yes, because the IRR is 14.07 percent.

• No, because the IRR is 13.51 percent.