Which of the followingstatement about internal rate of return isnotcorrect?
A.
The average annual profit from an investment expressed as a percentage of the investment sum
B.
The discount rate at which the net present value of the cash flows from an investment is zero.
C.
The net present value of the cash flows from an investment discounted at the required rate of return
D.
The rate at which discounted net profits from an investment are zero.