Without a computer and special calculator, ________. A) computing the

Without a computer and special calculator, ________.

A) computing the payback period is much more difficult than computing the IRR
B) finding the IRR will typically be a very easy process
C) finding the IRR may be a very tedious process only if the NPV is negative
D) finding the IRR may be a very tedious process since it is an iterative process

ANSWER

Answer: D
Explanation: D) Computing an IRR without a computer or special calculator is typically much more difficult than computing the payback period or the NPV.