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LE Next Page Page 1 of 2 Question 1 (10 points) The Internal Rate Return (IRR) is defined as an investment analysis method that is used to evaluate project or investments. The use of this method results in the determination of a discount rate (or interest rate) that makes the net present value (NPV) of a project or investment equal to $0. Which of the following also effectively defines IRR? O a) it is a more streamlined method for determining how much to spend on a project. Ob) it is reported as a dollar value similar to the end result of a NPV calculation. Oc) it is the expected compound annual rate of return that will be earned on a project or investment. d) IRR is the same method used to calculate the Accounting Rate of Return (ARR)