How would an increase in the discount rate used affect the internal rate of return of a project proposal?

Question

Quizplus · Accepted Answer

The internal rate of return (IRR) of a project is a metric that calculates the rate of return at which the net present value (NPV) of all the cash flows (both positive and negative) from a project equals zero. It is independent of the discount rate used in NPV calculations, as it is essentially the discount rate at which the NPV equals zero. Therefore, changing the discount rate used in NPV calculations does not affect the IRR of the project.

How Would an Increase in the Discount Rate Used Affect