Does the book (accounting) rate of return (ARR) method provide a true measure of the return on

Question:

Does the book (accounting) rate of return (ARR) method provide a true measure of the return on investment? How about the investment’s (IRR)?

Internal Rate of Return
Internal Rate of Return of IRR is a capital budgeting tool that is used to assess the viability of an investment opportunity. IRR is the true rate of return that a project is capable of generating. It is a metric that tells you about the investment...