Question: 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 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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