The owner of a hair salon spends $1,000,000 to renovate its premises, estimating that this will increase her cash flow by $220,000 per year. She constructs the following graph, which shows the net present value (NPV) as a function of the discount rate. 150000 100000 50000 0 6 8 10 1 2 3 7 -50000 -100000 -150000 -200000 Discount Rate Which of the following discount rates best approximate the internal rate of return? O A. 3.0% B. 3.3% C.4.0% D. 4,8% NPV