The net present values of a project have been calculated as follows: | | NPV ($) | | --- | ---: | | at 10% | 40 000 | | at 20% | (18 000) | What is the internal rate of return on the project?

A10.69%

B13.10%

C16.90%

D20%

ZIMSEC Accounting 6001/1 Paper 1 (Multiple Choice), November 2022, Q36

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