In investment appraisal, the internal rate of return is

In investment appraisal, the internal rate of return is
A . the target rate of return for all investment proposals
B . the rate at which a project’s cash inflows is equal to its cash outflows
C . the rate at which the present value of a project’s cash inflows is zero
D . the rate at which the present value of a project’s cash inflows is equal to the present value of its cash outflows

View Answer

Answer: D