A Project Has an Internal Rate of Return of 11

A project has an internal rate of return of 11.76 percent and a beta of 1.22.The market rate of return is 9.8 percent,the tax rate is 35 percent,and the risk-free rate is 3.4 percent.Should this project be accepted according to the CAPM if the firm is all-equity financed? Why or why not?

A) No;The CAPM rate is 11.21 percent.
B) No;The CAPM rate is 15.36 percent.
C) No;The CAPM rate is 11.96 percent.
D) Yes;The CAPM rate is 11.21 percent.
E) Yes;The CAPM rate is 15.36 percent