You are analyzing a project and have gathered the following data: Year & Cash Flow 0 .......... $-175,000 1 .......... 56,400 2...........61,800 3.............72,000 4............75,000 The required rate of return if 14.5%. Based on the internal rate of ____ percent for this project, you should _____ the project.

a. 18.46; reject

b. 14.67; accept

c. 17.91; accept

d. 14.67; reject

e. 17.91; reject