You are considering an investment for which you require a 14% return. The investment costs $61,900 and will produce cash inflows of $26,000 for three years. Should you accept this project? Why or why not?

Yes, because although the IRR is 12.51%, the NPV is positive

Yes, because although the IRR is 13.67%, the NPV is positive

No, because the IRR is 13.67% and the NPV is negative

No, because the IRR is 12.51% and the NPV is negative