20) The Internal Rate of Return is best described as:(1 Point) The point where the initial investment is recovered The reciprocal of the payback periocd Thereciprocalofthe discounted payback period. The rate that, when used, results in a NPV being equal to zero. c 21) A project with a 10% cost of capital has a net present value of-$118. (2 Points) The IRR for this project will be: Lower than 10% Higher than 10% Equal to 10% Cannot be determined based on the info given above ! 22) Lambda Corporation is considering Project Alpha which is more risky than the firm's normal operations. The firm uses a 14% cost of capital to evaluate projects that have the same risk as its normal business activates. (2 Points) What cost of capital should be used to evaluate Project Alpha? 14% Lower than 14% Higher than 14% Cannot be determined based on the info above