Question: 1, When considering both NPV and IRR, which statement is true with regards to selecting a project? A. You should choose the project with the

1, When considering both NPV and IRR, which statement is true with regards to selecting a project?

A. You should choose the project with the higher IRR even if it has the lower NPV.

B. You should always choose the project with the higher IRR.

C. You should choose the project with the higher NPV even if it has the lower IRR.

2. Which of the following statements are true about using the internal rate of return (IRR)?

A.IRR is defined as the discount rate at which the future value of the project's cash flows is one million.

B. You must know the discount rate to compute the IRR.

C. A project can have more than one IRR.

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