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You are evaluating an investment project and learn the following: The project’s NPV at a discount...

You are evaluating an investment project and learn the following: The project’s NPV at a discount rate of 20% is +$35,879 The project’s NPV at a discount rate of 24% is +$12,356 The project’s NPV at a discount rate of 26% is -$1,923 Based on (i)-(iii) above you know the project’s IRR must be: a) Less than 20% b) Greater than 26% c) Between 20% and 24% d) Between 24% and 26%

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