An Investment Has the Following Cash Flows A)yes; Because the IRR Exceeds the Required Return by About

Multiple Choice

An investment has the following cash flows.Should the project be accepted if it has been assigned a required return of 9.5%? Why or why not?
$\begin{array}{|l|l|}\hline \text { Year } & \text { Cash Flow } \\\hline 0 & -£ 24,000 \\\hline 1 & £ 8,000 \\\hline 2 & £ 12,000 \\\hline 3 & £ 9,000\\\hline\end{array}$

A) yes; because the IRR exceeds the required return by about 0.39%.
B) yes; because the IRR is less than the required return by about 3.9%.
C) yes; because the IRR is positive.
D) no; because the IRR exceeds the required return by about 3.9%.
E) no; because the IRR is 9.89%.