A project has an NPV of R.O. 12,632 when a discount rate of 12% is used and the same project has an NPV of R.O. -6,935 when a discount rate of 22% is used, the actual internal rate of return of the project is:

Select one:

a.

28.50%

b.

6.50%

c.

18.50%

d.

16.50%