True, The rate of return on an investment project throughout the course of its useful life is known as the internal rate of return.
The internal rate of return is the discount rate that compares the present value of cash inflows to the present value of cash outflows (or costs). A project may have more than one IRR under specific circumstances.
A net present value that is higher than 0. The rate of return on an investment project throughout the course of its useful life is known as the internal rate of return. Higher internal rates of return indicate more desirable investments when ranking investment ideas using the internal rate of return approach.
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