Please answer and explain

5 6 7 D 8 24 A 10 124 01. Sandard Def Q5. You know the following about a project with normal cash flows: - If the discount rate is 8%, the NPV of the project is $32,400 If the discount rate is 9%, the NPV of the project is $13,100 If the discount rate is 10%, the NPV of the project is S-5,300 What is the Internal Rate of Return (IRR) of this project (choose one of the following answers)? A)The IRR is greater than 10%. B)The IRR is between 9% and 10%. C)The IRR is between 8% and 9% D) The IRR is less than 8%. E)There can be multiple Internal Rates of Return so this question cannot be answered. Credit Spreads Tact Additional Questions Historic Prices and Retums extra space