The Internal Rate of Return Is Defined as The

The internal rate of return is defined as the:

A) Average annual rate of return on a project.
B) Average annual rate of return divided by the average book value of a project's fixed assets.
C) Rate of return which yields a net present value equal to the initial investment in a project.
D) Rate of return which causes the net present value of a project to equal zero.
E) Rate of return which a cost-cutting, non-revenue generating project returns in an average year.