Project X Has the Following Cash Flows: C₀ = +2,000

Multiple Choice

Project X has the following cash flows: C₀ = +2,000, C₁ = -1,300, and C₂ = -1,500. If the IRR of the project is 25 percent and if the cost of capital is 18 percent, you would

A) accept the project.
B) reject the project.