The internal rate of return is defined as the:
A.
maximum rate of return a firm expects to earn on a project.
B.
rate of return a project will generate if the project in financed solely with internal funds.
C.
discount rate that equates the net cash inflows of a project to zero.
D.
discount rate which causes the net present value of a project to equal zero.
E.
discount rate that causes the profitability index for a project to equal zero.