You own a coffee business and are deciding whether to purchase a better cappuccino machine. The cappuccino machine costs $23,000 and you expect to sell an additional 9,000 cups annually for an after-tax inflow of $0.65 per cup. The projects required return is equal to 11 percent. Based on an analysis of the cash flows, which of the following statements is/are true?

A.The project's payback period is 2.1 years.

B.Don't buy the cappuccino machine since the IRR is less than the required return.

C.You should buy the cappuccino macine since it has a $3,000 NPV

D.The internal rate of return is only 2% less than the WACC indicating no decision.