Which of these defines the internal rate of return (IRR)? Assume the cash flows are normal.
A) The interest rate that causes the NPV to equal the absolute value of the initial cash outflow.
B) The interest rate that causes the return on a project to equal the market rate of return.
C) The interest rate that causes NPV to equal (-1)(Cash flow at time 0)
D) The interest rate that causes the NPV to equal zero.