Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger

Exercise 54

Using IRR, a project is rejected if the IRR
A) is equal to the required rate of return.
B) is less than the required rate of return.
C) is greater than the cost of capital.
D) is greater than the required rate of return.
E) produces an NPV equal to zero.