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14. You want to determine the internal rate of return of a project that generates non-equal cash flows over its life. By trial and error,

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14. You want to determine the internal rate of return of a project that generates non-equal cash flows over its life. By trial and error, you find that a discount rate of 16% yields a negative net present value, but a discou rate of 10% yields a positive net present value. The true rate of retum must be: a Greater than 16% or less than 10% c. Greater than 16% b. Less than 16% but greater than 10% d. Cannot be determined from the given information

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