Evaluate the following project using an IRR criterion, based on a cost of capital of 10%: CF0 = -6,000, CF1 = +3,300, CF2 = +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.

Ans: B) Reject, since opportunity cost exceeds IRR.