A firm with a cost of capital of 13 percent is evaluating three capital projects. The internal rates of return are as follows: Project Internal Rate of Return
1 0.12
2 0.15
3 0.14
The firm should: A) accept Project 2 and reject Projects 1 and 3 B) accept Projects 2 and 3 and reject Project 1 C) accept Project 1 and reject Projects 2 and 3 D) accept Project 3 and reject Projects 1 and 2