You have been asked to analyze a project with the cash flows in the table using internal rate of return. If your cost of capital is 6%, what should you do and why?

CF0	290,000
CF1	80,000
CF2	78,000
CF3	96,000
CF 4	90,000

Group of answer choices

Reject the project because the cost of capital exceeds the IRR

Reject the project because the IRR exceeds the cost of capital

Accept the project because the IRR exceeds the cost of capital

Accept the project because the cost of capital exceeds the IRR