A. 14.3% B. 13.2% C. 17.7% D. 19.3%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The net present value of a project,
using a 16% discount factor, is
10,000 negative and, using a 21%
discount factor, is 40,000
negative. Identify the approximate
internal rate of return for the
project.
A.
14.3%
B.
13.2%
C.
17.7%
D.
19.3%
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