Compute the IRR for Project X and Note Whether the Firm

Multiple Choice

Compute the IRR for Project X and note whether the firm should accept or reject the project with the cash flows shown as follows if the appropriate cost of capital is 9 percent.
$$\begin{array}{l}\begin{array} {| l | l | l | l | l | l | l |}\hline\text {Time: }&0&1&2&3&4&5\\\hline\text {Cash flow:}&-1,000&-75&100&100&0&2,000\\\hline\end{array}\end{array}$$

A) 9 percent, accept
B) 9 percent, reject
C) 16.61 percent, accept
D) 16.61 percent, reject