Evaluate the following project using an IRR criterion,based on an opportunity cost of 10 percent: CF0 = -6,000,CF1 = +3,300,CF2 = +3,300.
A) accept, since IRR exceeds opportunity cost.
B) reject, since opportunity cost exceeds IRR.
C) accept, since opportunity cost exceeds IRR.
D) reject, since IRR exceeds opportunity cost.
Correct Answer:
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