Evaluate the following project using an IRR criterion, based on an opportunity cost of 10%: C₀ = -$6,000, C₁ = $3,300, C₂ = $3,300. A) Accept; because the IRR exceeds the opportunity cost B) Reject; because the opportunity cost exceeds the IRR C) Accept; because the opportunity cost exceeds the IRR D)Reject; because the IRR exceeds the opportunity cost

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Using a financial calculator:n = 2; PV = -$6,000; PMT = $3,300; FV = 0; CPT i = 6.60%, which is the IRR

Evaluate the Following Project Using an IRR Criterion, Based on an Opportunity