How does the net present value of a project differ from its internal rate of return? When

Question:

How does the net present value of a project differ from its internal rate of return? When would you prefer one over the other?

Net Present Value
What is NPV? The net present value is an important tool for capital budgeting decision to assess that an investment in a project is worthwhile or not? The net present value of a project is calculated before taking up the investment decision at...