Which one of the following defines the internal rate of return for a project?

A. Discount rate that creates a zero cash flow from assets
B. Discount rate which results in a zero net present value for the project
C. Discount rate which results in a net present value equal to the project's initial cost
D. Rate of return required by the project's investors
E. The project's current market rate of return

Ans: B. Discount rate which results in a zero net present value for the project