• Sienna plc has deduced the net present value of a potential investment project at two discount rates. The relevant data are as follows: Discount rate 20% 30% NPV (£000) 60 (120) What is the...

• Sienna plc has deduced the net present value of a potential investment project at two discount rates. The relevant data are as follows:

What is the approximate internal rate of return of the project?

A   16.7%

B   23.3%

C   26.6%

D  33.3%