Two investments, C and D are being evaluated. They are mutually exclusive. Investment C has a higher NPV using any discount rate between zero and 9%, while D has a higher NPV using any discount rate between 9.1% and 15%. Which investment do you recommend the company undertake? The cost of both opportunities is the same. Which of the following is the BEST answer?
a. Recommend C if the required return is between zero and 9 percent.
b. Recommend C if the required return is between 9.1% and 15%.
c. Recommend C.
d. Recommend D.