The net present value (NPV) of an investment is as follows.

The net present value (NPV) of an investment is as follows.

NPV at 14% = $6,320

NPV at 18% = ($4,600) negative

The internal rate of return (IRR) of the investment is closest to
A . 14.6%
B . 16.0%
C . 16.3%
D . 20.3%

View Answer

Answer: C