A discount rate which is equal to the present value of TV to the project cost present value is classified as _________?
Arelative rate of return
Bmodified internal rate of return
Cexisted internal rate of return
Dnegative internal rate of return
Correct answer
B. modified internal rate of return
Explanation
modified internal rate of return is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.