An analyst has conducted thorough analysis and has estimated the net present value (NPV) of a project to be $2.3 million, the internal rate of return (IRR) to be 11%, and the payback period to be 4.24 years.
Should the company recommend that the capital project be accepted?
A. No, because the IRR is less than 15%.
B. Yes, because the lRR is greater than 10%.
C. No, because the payback period is less than 5 years.
D. Yes, because the NPV is greater than zero.: