1. Consider a standard project whose NPV is exactly $0. Which of the following is true of the same projects internal rate of return if the required rate of return is 14%? a. The IRR < 0% b. The IRR < 14% c. The IRR = 14% d. The IRR = 0% e. The IRR > 0% 2. Shares of CDT have been trading on the New York Stock Exchange over the last 35 years from a low of $2 to a high of $62. You buy one share of CDT today for the price of $25. What is your maximum loss on the share? a. $60 b. $62 c. $37 d. $23 e. $25