1.) If a project has an internal rate of return of 13% and a negative net present value, which of the following statements is true regarding the discount rate used for the net present value computation?

a. The discount rate must have been greater than 13%.

b. The discount rate must have been equal to 13%.

c. The discount rate must have been less than 13%.

d. The discount rate must have been 0%.

2.) If a project's net present value is positive, the internal rate of return is:

a.	less than the discount rate.

b.	equal to the discount rate.

c.	greater than the discount rate.