You estimate the pre-tax return on capital, by year and on average, for the project. You also, estimate the after-tax return on capital, by year and on average, for the . If the firm faced a cost of capital of 12%, should it take this project?

Select one:

a. Yes, if the after-tax ROC is greater than 12%

b. Yes, if the pre-tax ROC is greater than 12%

c. No, if the pre-tax ROC is less than 12%

d. Two of the above

e. All of the above