You are considering an investment for which you require a 14 percent rate of return. The investment costs $58,900 and will produce cash inflows of $25,000 for 3 years. Should you accept this project based on its internal rate of return? Why or why not?

a. Yes; because the IRR is 13.13 percent

b. Yes; because the IRR is 13.65 percent

c. Yes; because the IRR is 13.67 percent

d. No; because the IRR is 13.13 percent

e. No; because the IRR is 13.65 percent