A capital budgeting project has a net present value of $30,000 and a modified internal rate of return of 15%. The project's required rate of return is 13%. The internal rate of return is

A) greater than $30,000.

B) less than 13%.

C) between 13% and 15%.

D) greater than 15%

A six-year project for Little Egypt, Inc. results in additional accounts receivable of $150,000, additional inventory of $50,000, and additional accounts payable of $80,000 today. What is the change in the NPV of a project solely due to the additional net working capital (NWC) needs? Assume a 14% discount rate, and the recovery of net working capital at the end of the project.

A) a decrease of $34,606

B) a decrease of $42,670

C) a decrease of $120,000

D) a decrease of $58,689