Question 167 NPV, IRR
A project's net present value (NPV) is negative. Select the most correct statement.
(a) The project should be accepted.
(b) The project's IRR is less than its required return.
(c) The project's IRR is more than its required return.
(d) The project's IRR is equal to its required return.
(e) The project is under-priced.