Suppose You Used the IRR Excel Function to Determine Whether

question 26

Multiple Choice

Suppose you used the IRR Excel function to determine whether an investment now would create enough profits in the future to be wise and it showed the IRR to be 8%. This investment is

• A)Wise at any interest rate
• B)Unwise at any interest rate
• C)Wise at interest rates above 8% and unwise at interest rates below 8%
• D)Wise at interest rates below 8% and unwise at interest rates above 8%