Your company is currently considering the following possible projects (which are NOT mutually exclusive). You have a budget limitation of $400,000. What is the minimum internal rate of return that a NEW project (in addition to these) would need to earn, in order to be considered for funding?
Alternative Initial Investment Internal Rate of Return
A $100,000 9.8%
B $250,000 11.0%
C $400,000 11.1%
D $450,000 11.5%