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A project has an up-front cost of $150,000. All subsequent cash flows are positive. The project's required return is 12 percent and its net present

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A project has an up-front cost of $150,000. All subsequent cash flows are positive. The project's required return is 12 percent and its net present value is -$10,000. Which of the following statements is most correct? I really should have come to class more often. You need more information to determine whether the internal rate of return is greater than, less than, or equal to 12 percent. The project's internal rate of return is less than 12 percent. The project's internal rate of return is greater than 12 percent. The project's internal rate of return equals 12 percent

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