The internal rate of return for a project is the discount rate that makes the net present value of the project equal to zero.

Name: The internal rate of return for a project is the discount rate that makes the net present value of the project equal to zero.
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This is the correct definition of the internal rate of return (IRR) - it is the discount rate at which the present value of the project's future cash flows equals the initial investment, resulting in a net present value (NPV) of zero.

The Internal Rate of Return for a Project Is the Discount