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

Multiple Choice

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, 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.