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Which of the following is correct explanation of 12% discount rate? Which of the following is correct explanation of 12% discount rate? NPV 24% Discount

Which of the following is correct explanation of 12% discount rate?

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Which of the following is correct explanation of 12% discount rate? NPV 24% Discount Rate (%) 14% Project 1 Project 2 It is the discount rate that makes NPV of project 1 equal to NPV of project 2. It is the discount rate for which neither projects should be undertaken. It is the discount rate for which project 1 should be chosen over project 2. 0 It is the cross over rate where NPV of project 1 is greater than NPV of project 2

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