1. If the net present value of a project which costs $10,000 is -$1,000 when the discount rate is 10%, then the:
A. Project's IRR equals 10%.
B. Project's rate of return is greater than 10%.
C. Project's rate of return is less than 10%.
D. project's cash inflows total $9,000.
2. If the IRR for a project is 20%, then the project's NPV would be:
A. Negative at a discount rate of 15%.
B. Positive at a discount rate of 25%.
C. Negative at a discount rate of 25%.
D. Positive at a discount rate of 20%.