You are considering a project X which has cash flows given below: Year 0 ($3,500) Year 1 $18,000 Year 2 ($18,000) Project X Project X has two IRRS, and its cost of capital is 15%. Which of the...

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Extracted text: You are considering a project X which has cash flows given below: Year 0 ($3,500) Year 1 $18,000 Year 2 ($18,000) Project X Project X has two IRRS, and its cost of capital is 15%. Which of the following statements best describes Project X? (Hint: draw NPV profile) O No matter what its cost of capital is, it should be rejected. O If the cost of capital would be between the two IRRS, it could be accepted. O All of these statements are not consistent with Project X. O Since both IRRS are greater than its cost of capital, it should be accepted. O No matter what its cost of capital is, it should be accepted.