As used in capital budgeting analysis, the internal rate of return uses which of the following items in its computation?
|
Net incremental investment |
Incremental average operating income |
Net annual cash flows |
|
|
a. |
Yes |
No |
Yes |
|
b. |
Yes |
Yes |
No |
|
c. |
No |
No |
Yes |
|
d. |
No |
Yes |
Yes |