Project with an initial cash outlay of $10,000: should the project be accepted?

The information below describes a project with an initial cash outlay of $10,000 and a required return of 12%. (Need to SHOW WORK!!)

After-tax cash inflow
Year 1 $6,000
Year 2 $2,000
Year 3 $2,000
Year 4 $2,000

Which of the following statements is correct?

a. The project should be accepted since its NPV is $353.87.
b. The project should be rejected since its NPV is -$353.87.
c. The project should be accepted since it has a payback of less than four years.
d. The project should be rejected since its NPV is -$23.91.

This project:

a. has an IRR of 9.86%.
b. should be accepted based on the IRR criterion.
c. has an IRR of 12%.
d. both a and b.